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, which set requirements for public companies starting in 2017. Key assessments and applicable disclosure requirements will be discussed.
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 going concern considerations should be evaluated
Designed For
Practicing CPAs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel
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License or Certification
Regulator
Type