Accounting Standards Codification (ASC) Topic No. 420, Exit or Disposal Cost Obligations, provides guidance on accounting for certain events when winding down companies or discontinuing operations. While the accounting can be complex, this course offers an overview of ASC 420's rules for proper recognition, measurement, and disclosure of key wind-down elements and events like employee termination benefits, contract terminations, facility closures, and related exit and disposal activities. This course focuses on the details of ASC 420 and fundamentals you need to jump into applying ASC 420 guidance.
Practicing CPAs both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel