Courses

Surgent's Accounting for Litigation and Legal Contingencies

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Member Price: $49.00 Non-Member Price: $79.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting: 2.00
Fields of Study:: Accounting
Level:: Basic

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.

Objective

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

Highlights

Recognition and measurement of legal contigencies
Impact from new information
Events after the date of the financial statements
Recognized subsequent events

Designed For

Professionals interested in Accounting for Litigation and Legal Contingencies

Prerequisite

None

Advanced Preparation

None