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Posts: 162
In response to
"
Can any accountants explain this concept to me like I'm a child? -- (link)
"
by
David
(Disney's filing says "the occurrence of subsequent events.") -- nm
Posted by
David (aka David)
Sep 20 '23, 16:55
(No message)
Responses:
Example: Disney's books close on 9/30, but get issued on 10/15. On 10/5, a massive hurricane roars through and destroys the park.
-
Will Hunting
Sep 20, 17:00
There's usually a footnote that gives info about what the subsequent event is. -- nm
-
jnine
Sep 20, 16:57
3
Thank you. Admittedly, I'm not great at this, but a search doesn't show anything else in the filing. -- (link)
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David
Sep 20, 17:00
2
I'm reading this on my phone so I'm not sure if I'm seeing everything, but to me it's talking about the huge money Disney disclosed a few day it
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jnine
Sep 20, 21:04
the forward-looking statement thing? that's a cover your ass thing. "we did our best, but sometimes things happen." boilerplate stuff. -- nm
-
mafic
Sep 20, 17:04
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