Examlex
The inability to identify visually presented objects is referred to as visual
Prospective Adjustment
An accounting adjustment applied to transactions or valuation changes that occur in the current or future accounting periods.
Adjusting Events
Events after the balance sheet date that provide further evidence of conditions that existed at the end of the reporting period, requiring adjustments to financial statements.
Non-Adjusting Events
Events after the reporting period that do not provide new information about conditions existing at the end of the reporting period.
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