Events after the Balance Sheet Date Starting from the Accounting Regulations Conform to the European Directives, Applicable to the Economic Entities

Author:Alexandra LAZĂR, Ph. D., Monica AVRAM, Ph. D. Student, Elisabeta Maria DUINEA, Ph. D. Student

JEL:M 41

DOI:

Keywords:annual financial statements, true and fair view, events after the balance sheet date, accounting principles; going concern basis

Abstract:
The economic entities are applying accounting regulations conform to the Fourth CEE Directive on the annual accounts of certain types of companies.\r\nBeside the physical counting and the valorization of its results, the closing works of the financial year suppose some steps to follow-up, taking into account both general regulations and specific legislation. These steps are established by each entity, but it must underline that keeping accounting of events means sometimes their analyses as a whole because they are related each other.\r\nEvents after the balance sheet date belong to this category. Some of them are adjusting events after the balance sheet date, while the others suppose only disclosures in the notes.\r\n\r\n

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