Dividends After Year End

Source: Ind AS 10 (summary)

Dividends declared on equity shares after the reporting period are not recognised as a liability at the end of that period, because no obligation exists at that date. They are disclosed in the notes to the financial statements instead.

Type this passage

Typing details

39 words, 235 characters
No figures
About 1 minute at 40 WPM

About Accounting

Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.

More Accounting passages

Fraud After Year End
Deferred Tax Assets
Temporary Differences
Recognising PPE

All passages