Only material events should be considered for events occurring after balance date.

Name: Only material events should be considered for events occurring after balance date.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Events occurring after the balance date, also known as subsequent events, can include both material and non-material events, as they may still have a significant impact on the financial statements or require disclosure to provide a complete understanding of the financial position and performance.

Only Material Events Should Be Considered for Events Occurring After