Subsequent Events
Subsequent events in accounting refer to significant occurrences that take place after the balance sheet date but before financial statements are issued or available to be issued. These events can either affect the financial statements' figures and must be recognized or disclosed, depending on whether they provide additional evidence about conditions that existed at the date of the balance sheet.
Lesson Videos
Subsequent Events Overview
Subsequent Events Objectives
Introduction to Subsequent Events
Auditor's Responsibility for Subsequent Events
Examples of Subsequent Events
Subsequent Events Timeline
Procedures for Obtaining Evidence
Dual-Dated Audit Report
Management Revision of Financial Statements
Contingencies and Commitments
Practical Example of Subsequent Events
Recognized Subsequent Events
Non-Recognized Subsequent Events
Subsequent Events Evaluation Period
Subsequent Events Treatment in Financial Statements
Subsequent Events Summary
Subsequent Events Practice Questions
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