This course provides an overview of the disclosure requirements regarding risks and uncertainties. The disclosure requirements related to risks and uncertainties are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 275. For public business entities that file their annual and interim reports with the U.S. Securities & Exchange Commission (SEC), there are also additional disclosure requirements required by Regulation S-K. This course focuses on general disclosure requirements outlined in U.S. GAAP. This course also provides illustrative examples from both the GAAP implementation guidance as well as actual SEC filings from public business entities.

Learning Objectives
  • Identify the scope of transactions included within ASC Topic 275.
  • Recognize when disclosure is required related to accounting estimates.
  • Discover and differentiate between concentration areas and whether or not disclosure is required.
Last updated/reviewed: December 31, 2023
5 Reviews (15 ratings)


Member's Profile
One of the exam questions was an "all except" type, but all answers were correct. Question concerned "areas particular sensitive to change in the near term."

Member's Profile
This was very helpful in increasing my knowledge around required 10-K disclosures and how they are beneficial to users of financial statements.

Anonymous Author
Good course on the required disclosures needed when the company has assumed risk and how an accountant should proceed.

Member's Profile
Amazing course. Very informative if you are dealing with Disclosure Risks and Uncertainties.

Member's Profile
I learned a lot from this course and really enjoyed!

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Disclosures of Risks & Uncertainties (Text Based Course)PDF