Subsequent event
In accounting, subsequent event means an event after the balance sheet date but before the statements are issued — recognized if the condition existed at the balance sheet date, disclosed only if it arose after.
- Layer
- Lexicon
- Defined in
- Lexicon
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- 1
Authority
This definition follows ASC 855-10-25.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- post-close event
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
12Close, controls & consolidation
Family specComponents that render the terms it depends on
Little in the catalog names this concept outright, but its definition is built out of others that are named. These render balance sheet.
9Accounting core (GL)
Family specTerms this one depends on
Also in Close
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.