Ministry of Finance, Enterprise Accounting Guidelines - Events After the Balance Sheet Date (Revised)
财政部企业会计准则﹣资产负债表日后事项 (修订)
June 02, 2003 | BY
clpstaff &clp articles &Issued: January 14 2003Effective: July 1 2003Main contents: When defining the term "events after the balance sheet date", the revised Guidelines make it…
Issued: January 14 2003
Effective: July 1 2003
Main contents: When defining the term "events after the balance sheet date", the revised Guidelines make it clear that matters that need to be adjusted or explained include any favourable and unfavourable matters (Item Two). In addition to expanding the two already existing sections, adjustment items and non-adjustment items, the Guidelines include two more sections on dividends and going concern. An enterprise should list cash dividends in the balance sheet as a separate item within equity and disclose share dividends as a separate item in the notes to the accounting statements. An enterprise should not prepare its accounting statements on a going concern basis if an event after the balance sheet date indicates that the going concern assumption is not appropriate for part of the enterprise.
clp reference:3100/03.01.14promulgated:2003-01-14effective:2003-07-01This premium content is reserved for
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