Be able to identify areas of the financial statements that contain accounting or reporting uncertainty. Understand the proper accounting treatment of loss contingencies under U.S. GAAP. Discuss how to evaluate the sufficiency of accounting for areas of estimation, such as common allowances and accruals. Learn about important considerations when determining the proper disclosure of going concern and other areas of uncertainty. Highlights
How to identify financial statement areas containing recognition, measurement, presentation, or disclosure uncertainty
Common techniques for evaluating the proper accounting treatment of loss contingencies, allowances, accruals, and other areas with recognition and measurement uncertainty
Important presentation and disclosure considerations when highlighting uncertainty to financial statement users making economic decisions
What is adequate disclosure of going concern uncertainty under U.S. GAAP?
Registration
PICPA Member: $139 Nonmember: $189
More Information
Course No.
764100
Level:
Basic
Prerequisites:
None
Speaker(s)
Richard Daisley
Surgent McCoy CPE LLC
Richard Daisley,
CPA
Rich is a CPA and
has over 25 years of experience in the accounting and auditing field. He has
worked in both the client service setting as well as in internal capacities as a
facilitator of accounting and auditing courses.He was an assurance manager with PwC,
spending time in both the assurance practice as well as with PwC’s Capital
Markets and Accounting Advisory Services group, where he advised clients on the
implementation of new accounting pronouncements as well as on issues related to
public offerings. Rich also worked in PECO Energy’s Merger and Acquisition
group, where he performed financial due diligence that supported PECO’s
acquisition activity in the energy sector. He has experience in the
manufacturing, health care, energy, and pharmaceutical
industries.
Prior to joining
Surgent, Rich also has more than 10 years of experience as a course developer
and facilitator, creating and leading training courses on such topics as revenue
recognition, stock based compensation, equity instruments and performing
integrated audits under the Sarbanes-Oxley legislation. He also designed and
delivered courses on instructor development and facilitation skills to senior
PwC internal course instructors.
In 2015 he joined
Surgent as Director, Accounting & Financial Reporting Content. In this role,
he researches and develops the technical content for Surgent’s Accounting and
Financial Reporting curriculum.