Question 4 - Part a
You'll learn how to distinguish between adjusting and non-adjusting events after the reporting date, a key concept in Financial Reporting and Strategic Business Reporting papers.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Events after reporting date: introduction
- 0:31 Defining adjusting events under standards
- 1:28 Volcano eruption: non-adjusting event analysis
- 3:00 Going concern assessment and disclosure
- 5:23 Goodwill revision: adjusting event principles
- 7:02 Calculating goodwill adjustment step by step
About this lesson
In this worked example, we walk through two real scenarios: determining whether a volcano eruption qualifies as an adjusting event and how to handle changes in provisional goodwill fair values. You'll see exactly how to structure your answer, apply the relevant standards, and make the calculations needed to adjust goodwill correctly. This is essential exam technique that shows markers you understand both the theory and the practical application.
Duration: 9m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Strategic Business Reporting course
All 167 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in