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Re: buk199 post# 62315

Tuesday, 04/15/2014 3:58:58 PM

Tuesday, April 15, 2014 3:58:58 PM

Post# of 72244
My understanding of "subsequent event" is after the time period of the filing, but happening before the document is published:

http://www.allbusiness.com/glossaries/subsequent-event/4946698-1.html

subsequent event
material happening occurring after the date of the financial statements but before the audit report is issued. Footnote disclosure is required so that financial statement users are properly informed. The subsequent event typically has a significant impact on financial position or earning capacity. Examples of subsequent events requiring disclosure are lawsuits, impairment of assets, and permanent decline in price of securities.

http://www.accountingtools.com/subsequent-event-definition

Subsequent Event

Definition: A subsequent event is an event or transaction occurring after the balance sheet date, but before the financial statements are either issued or available to be issued. Subsequent events fall into two categories:

Events or transactions that provide additional evidence about conditions that existed as of the balance sheet date. In particular, they may lead to improved estimates that were incorporated into the financial statements.
Events that provide evidence about conditions that did not exist as of the balance sheet date; instead, they arose subsequent to that date.

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