Events after reporting date should not be disclosed because the statement of financial position is 'as at' a particular date.

Name: Events after reporting date should not be disclosed because the statement of financial position is 'as at' a particular date.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Events after the reporting date should be disclosed if they provide additional information about the entity's financial position as at the reporting date. Therefore, this statement is false.

Events After Reporting Date Should Not Be Disclosed Because the Statement