/Tag: subsequent events

Your financial statements may be affected by the coronavirus

By |2020-04-27T23:20:47+00:00March 13th, 2020|Categories: Blog, COVID 19, News|Tags: , , , , |

The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you also may be worried about how it will affect your business and its financial statements for 2019 and beyond. Make considerations when preparing financial statements The duration and full effects of the COVID-19 outbreak are [...]

When is the best time for subsequent events to be reported?

By |2020-04-06T22:43:41+00:00April 17th, 2019|Categories: Articles, Blog|Tags: , , , |

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications for the prior period or for the future. Here’s a look at what’s reportable and what’s not. How subsequent [...]

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