Accounting Event
  
Categories: Accounting, Careers, Company Management, Tax, Trusts and Estates
A payment. A receipt of inventory. A final contract on a sale. A realization of a really bad debt to be recognized. All of these are accounting events, i.e. things that need to be recognized on the books as a Thing. Just staring at a column of numbers doesn't count as an event, even though it's oh so common in this sport.
Related or Semi-related Video
Finance: What is an 8k?3 Views
Finance a la shmoop... what is an 8K... K filing and no it's not a TV pipe size [Person watching Orange is the New Black]
nor a race it's just a filing a legal filing in a public company you have to
file an 8K when anything significant happens and you have to file it within
four days of when the event occurred so what's significant well that's things
like discovery of fraud or of a sexual harassment lawsuit that was filed or a [Examples of reasons for filing an 8K]
CEO resigning or a big company layoff or a big move out of California for half
the employees to save taxes or if the company gets quired by Kim Jung-Un
enterprises.....That's an 8k you file it
when something happens yeah not like this guy don't need to file when the [Man painting a lobby pink]
lobby is painted no matter what the new color does to anger visitors...
Up Next
What are a 10K and a 10Q? A 10K is an annual report and a 10Q is a quarterly report. These reports are filed by public companies and contain vital...
What is Adverse Audit Opinion? An adverse audit opinion signals that an auditor has found flaws in a company’s financial statements. Adverse audi...
GAAP is an acronym for Generally Accepted Accounting Practices. In order to remove as much subjectivity as possible, accounting policy bodies, such...