Subsequent Events and Going Concern Issues
Overview
This course covers the reporting and disclosure requirements for subsequent events, distinguishing between recognized and nonrecognized events. It also addresses the evaluation of an entity’s ability to continue as a going concern, guided by ASU 2014-15, and incorporated into ASC Topic 205 under Subtopic 205-40. Key assessments and applicable disclosure requirements will be discussed.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- Recognize the different types of subsequent events
- Differentiate between recognized and nonrecognized subsequent events
- Identify the assessment period for an entity's going concern evaluation
- Recognize conditions that may cause doubt about an entity's ability to continue as a going concern
- Identify the frequency with which entities should evaluate going concern considerations
Designed For:
Practicing CPAs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel
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Course Information
Adding additional credit may change exam requirements.
| Advanced Preparation: | None |
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