Estimates, Contingencies and Going Concern
Online
2.00 Credits
Member Price $89.00
Non-Member Price $119.00
Overview
This course covers a broad range of topics involving uncertainty in accounting and auditing. It addresses accounting standards related to going concern, contingencies, guarantees, and credit losses, along with auditing standards applicable to auditing accounting estimates and evaluating going concern. The course provides a practical overview of how these areas are addressed under current standards and how they impact financial reporting and audit procedures. Jeff presents the material in an engaging manner to reinforce key concepts and maintain focus.
Objectives
At the end of this course, you will be able to:
- Identify requirements of SAS 132 related to going concern
- Identify requirements of SAS 143 related to auditing estimates
- Identify accounting requirements for loss and gain contingencies
- Identify accounting requirements for guarantees
- Identify accounting requirements related to credit losses
Highlights
- Overview of accounting estimates and uncertainties
- Going concern accounting and auditing considerations
- SAS 132 requirements
- SAS 143 requirements
- Loss and gain contingencies
- Guarantees
- Credit losses
- Impact on financial reporting and auditing
Designed For
Accounting and auditing professionals seeking to understand accounting and auditing requirements related to uncertainty
Prerequisites
Basic Accounting
Preparation
None
Notice
Your webinar can be accessed via https://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.
Leader(s):
Leader Bios
Jeff Sailor, CPA
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings. For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $119.00
Member Price $89.00