Subsequent Events – What Accountants Need to Know ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This overview course offers CPAs a concise introduction to subsequent events under U.S. GAAP. It highlights the key differences between recognized and nonrecognized subsequent events, summarizes the related reporting and disclosure requirements, and touches on management responsibilities and audit considerations. Designed as a quick refresher, the course also includes examples of common subsequent events encountered in practice.
Highlights
Authoritative guidance. Key dates and timelines. Specific entity requirements. Subsequent event classification. Recognized subsequent events. Nonrecognized subsequent events. How best to identify subsequent events. Controls related to subsequent events. Auditor considerations. Special topics
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, controllers and other financial managers.
Objectives
Identify the key characteristics and timing of subsequent events under ASC 855. Recognize common examples of subsequent events. Differentiate between recognized and nonrecognized subsequent events. Recognize audit procedures and documentation requirements related to subsequent events.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $33.00
Member Price $29.00