AccountancyStudents Forums

   
 
No dividend payable will be shown at the yr end?
 
befriends
Posted: 19-04-2009 12:02 PM   [ Ignore ]
Established Member
Avatar
RankRankRank
Total Posts:  192
Joined  07-10-2008
Studying:  ACCA
Method:  College

Is this statement, WHAT?

Like what I know is S***T, seriously what does it mean. Dividends are given and paid and shown in stock exchanges announcements and all that.

Profile
 
 
Steve Collings
Posted: 19-04-2009 01:07 PM   [ Ignore ]   [ # 1 ]
Moderator
RankRankRankRankRank
Total Posts:  1160
Joined  20-03-2005
Studying:  Qualified
Method:  Not applicable

Is the statement referring to proposed dividends at the year end?

If so look to the provisions in IAS 37 -you cannot include proposed dividends in the year end accs if they were not declared before the reporting date as you do not have a legal or constructive obligation at the reporting date.

Dividends paid are not shown on the face of the SOCI they are shown within the statement of changes in equity.

Regards
Steve

 Signature 

http://www.justgiving.com/gabriellacollings

Profile
 
 
   
 
 
‹‹ Is this correct? Do they appear in SCiE ?      Shares question? ››