pro forma financial data

Broad Transactions2

1. 855-10Overall855 Subsequent Events

   ASC 855-10 governs how entities account for and disclose events that occur after the balance sheet date but before the financial statements are issued or available to be issued. Events providing additional evidence about conditions that existed at the balance sheet date are "recognized subsequent events" and must be reflected in the financial statements (855-10-25-1); events reflecting conditions arising only after the balance sheet date are "nonrecognized" and are only disclosed if needed to keep the statements from being misleading (855-10-25-3; 855-10-50-2). It applies to all entities but yields to any other Codification Topic that addresses the same post-balance-sheet event (855-10-15-4).

2. 855-926Entertainment—Films855 Subsequent Events

   ASC 855-926 was the film-industry-specific subsection of the subsequent events guidance, which previously required film entities to consider post-balance-sheet information (such as actual results after the reporting date) in estimating ultimate revenue and testing film costs for impairment. Every substantive paragraph (855-926-05-1, 15-1, and 35-1) was superseded by ASU 2012-07, so the subtopic now contains no operative guidance. Film cost impairment and ultimate revenue estimation are addressed instead in ASC 926-20, and general subsequent events guidance remains in ASC 855-10.