Webinar Details
Course 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 will provide 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
Learning Objectives
- Identify areas of the financial statements that contain accounting or reporting uncertainty
- Discover the proper accounting treatment of loss contingencies under U.S. GAAP
- Recognize how to evaluate the sufficiency of accounting for areas of estimation, such as common allowances and accruals
- Identify the important considerations when determining the proper disclosure of going concern and other areas of uncertainty
Prerequisites
- None
Who Should Attend
CPAs, accounting/finance professionals who work with financial statements and reporting.
Advanced Preparation
None
Presenter Details
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Jennifer Louis
- Presenter
Jennifer has over 20 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, private industry corporations, and public sector agencies.
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Date & Time
CPE
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Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Live Webinar
Accounting for Financial Statement Uncertainty: Estimates, Contingencies, and Going Concern
by Jennifer Louis from Encoursa
- Jun 9, 2025
- 2:00 PM EDT
- Credits: 2.00
$42.00
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