Description
Understanding the proper accounting for and reporting of financial statement areas containing uncertainty can be challenging, especially ensuring adequate disclosure of risk to the financial statement users. This course provides critical considerations when evaluating the proper treatment of accounting estimates, loss contingencies, and going concern in U.S. GAAP-basis financial statements.
Major Topics:
- 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
Who Should Attend:
Public and industry accountants responsible for monitoring fair presentation of financial statements
