As4

Though it is non adjusting event,it should be adjusted because of legal requirements and its special significance

In study material of ICAI its given that disclosure is enough

Its an adjusting event Proposed dividend do not qualify to be a adjusting event as per the definition in AS4 However, AS 4 clearly specifies that proposed dividend should be treated as a adjusting event Thus although proposed dividend do not qualify as per the definition of adjusting event but it is an adjusting event.

As it is statutory event,it becomes adjusting event.

As4 has 2 exceptions where non-adjusting is also treated as adjusting- 1-when going concern concept is violated. 2-in case of proposed divid. So it is adjusting.

Fully agreed with Apram

Me too agree wit apram

As as-4 under revision, it is needed to be adjusted as current liability in schedule -3