CPE Credit Hours: 4
Field of Study: Accounting: 2 hours, Auditing: 2 hours
Publication date: November 2022
The objective of this course is to address the accounting and financial reporting for the current post-COVID economic climate, including the effects of inflation, supply-chain shortages, rising interest rates, and other events affecting company financial statements for 2022 and 2023.
Topics include: Disclosures of risks and uncertainties related to supply-chain concentrations; going-concern reporting and disclosure issues; impairment issues related to goodwill and real estate; accounting for variable consideration revenue and onerous contracts; dealing with inventory costs and stock market and bond investment losses; collectability of trade receivables; exit and termination benefit obligations; contingencies, use of LIFO in an inflationary environment; and accounting and auditing engagement matters. This course also discusses the accounting for selected tax changes affecting 2022 and 2023 financial statements.
This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of accounting, financial reporting, auditing, and compilation and review standards
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date of Purchase
