CPA- FAR: Subsequent Events:
1. When should subsequent events be recognized?
2. When should they be recorded/disclosed?

Question

Subsequent Events:
1. When should subsequent events be recognized?
2. When should they be recorded/disclosed?

LandiniLizard · Accepted Answer

1. Recognize if they have existed at the BS Date
2. JE and Disclosure if they occur before the BS Date, Disclosure only if afterwards

Subsequent Events: 1. When should subsequent events be recognized? 2. When should they be recorded/disclosed?