Technical Update: Accounting for Dividends
Moreover, UK law and accounting practice is also changing.
The international standard that deals with the recognition of proposed dividends and distributions is IAS 10, events after the balance sheet date.
The standard requires that a liability should not be recognised in respect of a dividend until the paying company has an obligation to make the payment.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it's free and it only takes a minute to set one up,
click here to register