lecture2topic2parts1and贺22015.pptVIP

Learning Objectives Understand that, in the period between reporting date (or ‘balance sheet date’) and the date the financial statements are authorised for issue, new information often becomes available that provides additional evidence of conditions that existed at reporting date, or reveals for the first time a condition that existed at reporting date, and that such new information must be reflected in the financial statements; Understand that financial statements are often not released for over 10 weeks after the reporting date, and that to make them more ‘relevant’ it is sometimes appropr