CPE Course Surgent's Accounting for Financial Statement Uncertainty: Estimates, Contingencies, and Going Concern (AFS4)

Objective

• Identify areas of the financial statements that contain accounting or reporting uncertainty
• Understand the proper accounting treatment of loss contingencies under U.S. GAAP
• Discuss how to evaluate the sufficiency of accounting for areas of estimation, such as common allowances and accruals
• Describe the important considerations when determining the proper disclosure of going concern and other areas of uncertainty

Highlights

• Identifying financial statement areas containing recognition, measurement, presentation, or disclosure uncertainty
• Applying common techniques for evaluating the proper accounting treatment of loss contingencies, allowances, accruals, and other areas with recognition and measurement uncertainty
• Describing important presentation and disclosure considerations when highlighting uncertainty to financial statement users making economic decisions
• Evaluating the adequacy of disclosure of going concern uncertainty under U.S. GAAP

Instructors

Prerequisites

None

Developer

Surgent McCoy CPE, LLC

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