{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/855/10/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"855","topic_title":"Subsequent Events","subtopic":"855-10","subtopic_title":"Overall","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Date Through Which Subsequent Events Have Been Evaluated","paragraphs":[{"citation":"855-10-50-1","para":"50-1","html":"
If an entity is not an SEC filer, then the entity shall disclose both of the following:
  1. a
    The date through which subsequent events have been evaluated
  2. b
    Whether that date is either of the following:
    1. 1
      The date the financial statements were issued
    2. 2
      The date the financial statements were available to be issued.
","snippet":"If an entity is not an SEC filer, then the entity shall disclose both of the following:\n(a) The date through which subsequent events have been evaluated\n(b) Whether that date is either of the following:\n(1) The date the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b5a9a0bd18da1f7f3e0f9d2412074cba46fac403bf5d04b2d6ebe9795a4a172","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dec09851628b2f4d7bfc538e7c98b807a704ab4f35ac81919751a2c1e0d38518","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}},{"block":null,"heading":"Nonrecognized Subsequent Events","paragraphs":[{"citation":"855-10-50-2","para":"50-2","html":"
Some nonrecognized subsequent events may be of such a nature that they must be disclosed to keep the financial statements from being misleading. For such events, an entity shall disclose the following:
  1. a
    The nature of the event
  2. b
    An estimate of its financial effect, or a statement that such an estimate cannot be made.
","snippet":"Some nonrecognized subsequent events may be of such a nature that they must be disclosed to keep the financial statements from being misleading. For such events, an entity shall disclose the following:\n(a) The nature of …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:711d5f8645f9564d3575cf7b5c895d6a0df42f8e6400a87c707302433f833e42","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}},{"citation":"855-10-50-3","para":"50-3","html":"
An entity also shall consider supplementing the historical financial statements with pro forma financial data. Occasionally, a nonrecognized subsequent event may be so significant that disclosure can best be made by means of pro forma financial data. Such data shall give effect to the event as if it had occurred on the balance sheet date. In some situations, an entity also shall consider presenting pro forma statements, usually a balance sheet only, in columnar form on the face of the historical statements.
","snippet":"An entity also shall consider supplementing the historical financial statements with pro forma financial data. Occasionally, a nonrecognized subsequent event may be so significant that disclosure can best be made by mean…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:029ca36b584cf145e73e5a6e83236d46617580039d8e1d89628fb9df50ea1e1d","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5adeb9dfdb3b0e71f7727674453df6b45f8e2f808e871f58f836492f89e69bfd","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}},{"block":null,"heading":"Revised Financial Statements","paragraphs":[{"citation":"855-10-50-4","para":"50-4","html":"
Unless the entity is an SEC filer, an entity shall disclose in the revised financial statements the dates through which subsequent events have been evaluated in both of the following:
  1. a
    The issued or available-to-be-issued financial statements
  2. b
    The revised financial statements.
","snippet":"Unless the entity is an SEC filer, an entity shall disclose in the revised financial statements the dates through which subsequent events have been evaluated in both of the following:\n(a) The issued or available-to-be-is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f0337cb23bc5e8865357c29458cdea56020d0fff113b7bbec583d57bb0bbc27","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}},{"citation":"855-10-50-5","para":"50-5","html":"
Revised financial statements are considered reissued financial statements. For guidance on the recognition of subsequent events in reissued financial statements, see paragraph 855-10-25-4.
","snippet":"Revised financial statements are considered reissued financial statements. For guidance on the recognition of subsequent events in reissued financial statements, see paragraph 855-10-25-4.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18df294d5c50c3060e768b7386e45801199173921180fc2499cb67f964495fec","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:029a4366713ecb3a0316048e41eeec60146184fb8cfe46bde0bc0f9e1d7c32a5","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44e81bc5bc6f984b5eda80881ee45f1b59dad49c7913e63aa1283d990451f111","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44e81bc5bc6f984b5eda80881ee45f1b59dad49c7913e63aa1283d990451f111","downloaded_from":"2026-09-10T02:04:41.540Z","last_downloaded_at":"2026-09-10T02:04:41.540Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483399","source_sha256":"2191667a5086e0a14966bd19be3c795982bd69beacfa67d2e71e5c3e275f3bfe"}}