Self-Study: Surgent's Accounting for Litigation and Legal Contingencies
Available Until
Self-Study
2.0 Credits
Member Price $40.00
Non-Member Price $50.00
Overview
This course provides an overview of the accounting and financial reporting requirements with respect to litigation. This includes distinguishing between probable, reasonably possible, and remote litigation outcomes as well as how to evaluate, recognize, measure, and disclose litigation-related contingencies.
Highlights
- Recognition and measurement of legal contigencies
- Impact from new information
- Events after the date of the financial statements
- Recognized subsequent events
Prerequisites
None
Designed For
Professionals interested in Accounting for Litigation and Legal Contingencies
Objectives
- Differentiate between probable, reasonably possible, and remote litigation outcomes
- Identify when to accrue a liability for litigation-related contingencies under ASC 450-20
- Recognize the role of legal counsel in the litigation process
- Identify the appropriate financial statement disclosures for litigation-related contingencies
Preparation
None
Notice
Download
Non-Member Price $50.00
Member Price $40.00