adjusting events and non adjusting events? - simple meaning

Pjdav

Hi, Can someone please tell me the difference between the two?,

Bertie

In basic terms; an adjusting event will require the accounts to be adjusted after the year end date, if an event is relevant (dependant upon X date and Y event)

A non-adjusting event is as it implies, non-adjusting of- a note is used to various cases.