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Tuesday, May 26, 2020 Webcast

Accounting for Financial Statement Uncertainty: Estimates, Contingencies, and Going Concern (X1-AFS4-2020-01-WEBNR-147-01)

1:00 PM - 4:30 PM EDT
webcast

Webcast

4.0 CPE Credits in AA

OVERVIEW

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 will provide critical considerations when evaluating the proper treatment of accounting estimates, loss contingencies, and going concern in U.S. GAAP-basis financial statements.

DESIGNED FOR

CPAs in either public or private practice with accounting, financial reporting, or attest responsibilities.

BENEFITS

  • 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

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. She has received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.

PRICING

$129.00 - Member

$139.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent