Post balance sheet events

Mike Davies, Ron Paterson and Allister Wilson
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Mike Davies: Ernst & Young
Ron Paterson: Ernst & Young
Allister Wilson: Ernst & Young

Chapter Chapter 21 in UK Gaap, 1992, pp 1161-1181 from Palgrave Macmillan

Abstract: Abstract A ‘post balance sheet event’ is defined by SSAP 17 — Accounting for post balance sheet events — as ‘those events, both favourable and unfavourable, which occur between the balance sheet date and the date on which the financial statements are approved by the board of directors’.1 This definition, therefore, incorporates all events occurring between those dates — irrespective of whether or not they relate to conditions which existed at the balance sheet date. Consequently, the principal issue to be resolved is which post balance sheet events should be reflected in the financial statements?

Keywords: Balance Sheet; Financial Position; Share Capital; Fixed Asset; Adjust Event (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-12998-0_21

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