the balance sheet shows “As at” just in front of the date; e.g., “As at 12/31/2019”. And that is NOT correct accounting form. Correct accounting form is “As of 12/31/2019”. how can it be changed?

Thanks for the lecture about things I already knew, @anon14798209 . None of your points, however, constitutes a reference to a governing requirement. You have just summarized how guidance is promulgated. I think you will find this to be a matter of preference and tradition.

Reg S-X. It’s in the 2nd sentence

in my opinion "As at " would be synonymous with time while "As on " or "As of " would be more suitable for date.

What a fascinating philological debate. I know nothing of GAAP, but using English is my trade. “As of”, according to both Chambers (British English) and Webster (US English) is used to describe something which starts on the given date, and continues thereafter. That doesn’t seem to me to be appropri…

Just to hopefully close things out, Regulation S-X Rule 3-01(a), which specifies balance sheet submission requirements for SEC registrants in the USA, uses the phrase as of, but is utterly silent on format, content, or wording of reports.

From reading the thread, appears the issue being discussed was the use of “As at” vs. “As of” on the balance sheet; and from follow on comments appears the preponderance of research suggest using “As of” on the balance sheet, which is what the original contributor recommended. Roger?

Yes, but the original suggestion was based on an erroneous assertion and contradicts both traditional usage and some requirements.

Sorry, but after reviewing the thread again, I don’t see the erroneous assertion in the contributors request/comments. Nor do I see a contradiction in usage or requirements (traditional or current). Just not sure where you are going with all of that. VR

The original poster claimed “as of” is a requirement under GAAP. It isn’t. He then supported that claim by citing a regulation that does not address the issue. Meanwhile the developer wrote that “as at” is an Australian requirement. Traditional usage of “as at” can be found in online examples and pu…

My apologies but I am still not with you, and would offer the following: A. You are asserting that contributor “”claimed “as of” is a requirement under GAAP””. The original contributor did NOT say that. The original contributor said ““As at” is NOT GAAP form in USA”. Distinct difference. B…

"As at" on balance sheet

ideas

anon5385611 December 13, 2019, 1:03am 34

@qak
Yep - get a life!
IMO - ‘As At’ is horrible!

Closing ideas after discussions completed

Topic		Replies	Views
Grammar correction request for Balance Sheet reports	4	1181	July 8, 2016
Balance Sheet Report + Processing Provisions	42	2451	May 29, 2023
Basics Of Accounting	40	2405	June 14, 2020
Report date = today?	6	559	October 7, 2022
Paid all "sales invoice" but suddenly its status shows " as overdue"	13	630	June 30, 2020

"As at" on balance sheet

Related topics