Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are recognized in the company’s financial statements, and what kinds are disclosed in a note?
State the necessity of a company to disclose subsequent events, explain the kinds of subsequent events recognized and explain the kinds of subsequent events disclosed in a note.
Necessity of a company to disclose Subsequent events:
A subsequent event occurs between the date of company’s’ balance sheet and the date at which the annual report is issued. Company does not issue annual report for a period of several months or weeks after the end of an accounting period. During this time, there is a possibility for certain important business transactions or events to happen and if these are not recorded in the company’s’ annual report, then it will lead to misleading...
College Accounting, Chapters 1-27
Financial & Managerial Accounting
Financial And Managerial Accounting
Financial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Corporate Financial Accounting
Accounting Information Systems
MKTG 12:STUDENT ED.-TEXT
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Microeconomics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Contemporary Marketing
Accounting Information Systems
Principles of Economics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Foundations of Business (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Management, Loose-Leaf Version
College Accounting (Book Only): A Career Approach
Financial Accounting
Accounting (Text Only)
Financial & Managerial Accounting
Statistics for Business & Economics, Revised (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Exploring Economics
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Practical Management Science
Microeconomics
Cornerstones of Cost Management (Cornerstones Series)
Purchasing and Supply Chain Management
Economics (MindTap Course List)