adjusting events
Definition
Material events that occur between the date of preparation of financial statements and the date of their approval by the management. Such events must be reflected in the financial statements of a firm, to comply with the requirement of giving a 'true and fair view' of its financial position. A non-material (non adjusting) but significant event may be disclosed in the notes (footnotes) to the financial statements. Also called post balance sheet events.
adjusting events is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
adjusting events appears in the definition of the following term: post balance sheet events
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