Purchase Course

Going Concern   

1

Total CPE
Tuition
$60.00
Approximate Length
01:00:00
Course Number
20-WB-109-WC
1

Total CPE
Tuition
$60.00
Approximate Length
01:00:00
Course Number
20-WB-109-WC

Course Details

In this course, KPMG professionals will discuss when substantial doubt exists about a company’s ability to continue as a going concern, how to assess the mitigating effects of management’s plans, and the resulting financial reporting implications.

By the end of this course, participants should be able to:

  • understand the requirements for going concern assessments under ASC 205-40
  • identify conditions and events that may raise substantial doubt about an entity’s ability to continue as a going concern
  • assess the mitigating effects of management’s plans
  • understand the disclosures required under ASC 205-40
  • understand the impacts of the going concern assessment on internal controls over financial reporting, other accounting matters, and the auditors’ report.

Keywords: Going Concern, Substantial Doubt, Liquidation, Going Concern Assessment, ASC 205-40, 205-30, ASU 2014-15, ASC 205, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Basic
Field of Study: Accounting - 1
Delivery Method: Web Based Self Study

In this course, KPMG professionals will discuss when substantial doubt exists about a company’s ability to continue as a going concern, how to assess the mitigating effects of management’s plans, and the resulting financial reporting implications.

By the end of this course, participants should be able to:

  • understand the requirements for going concern assessments under ASC 205-40
  • identify conditions and events that may raise substantial doubt about an entity’s ability to continue as a going concern
  • assess the mitigating effects of management’s plans
  • understand the disclosures required under ASC 205-40
  • understand the impacts of the going concern assessment on internal controls over financial reporting, other accounting matters, and the auditors’ report.

Keywords: Going Concern, Substantial Doubt, Liquidation, Going Concern Assessment, ASC 205-40, 205-30, ASU 2014-15, ASC 205, Accounting

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Basic
Field of Study: Accounting - 1
Delivery Method: Web Based Self Study
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