# Subsequent event

> Subsequent event — 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.

Source: https://lopifi.com/glossary/subsequent-event
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- post-close event

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [subsequent-event-log](https://lopifi.com/md/components/subsequent-event-log)
- **Related:** balance-sheet