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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 15 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
CPE Credits: |
1.0 |
IRS Credits: |
0 |
Price: |
$12.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course explains the U.S. GAAP disclosure requirements regarding risks and uncertainties under ASC Topic 275.
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Frequently Asked Questions: |
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Description: |
This course provides an overview of the disclosure requirements regarding risks and uncertainties. The disclosure requirements related to risks and uncertainties are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 275. For public business entities that file their annual and interim reports with the U.S. Securities & Exchange Commission (SEC), there are also additional disclosure requirements required by Regulation S-K. This course focuses on general disclosure requirements outlined in U.S. GAAP. This course also provides illustrative examples from both the GAAP implementation guidance as well as actual SEC filings from public business entities. |
Usage Rank: |
16154 |
Release: |
2021 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Risk
Internal: Accounting & Financial Reporting in a Post‑COVID Economy (CPE Course Detail, includes risk disclosures)
Internal: Finance CPE Courses - Risk & Uncertainty Overview Page
External: ASC 275: Disclosures of Risks and Uncertainties - PwC Viewpoint - Scope & Relevance
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
06-Mar-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Disclosures of Risks and Uncertainties - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives
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Course Contents: |
Chapter 1 - Disclosures of Risks and Uncertainties Course Learning Objectives Course Overview Introduction Risks and Uncertainties Scope of Disclosures Nature of Operations Review Questions Use of Estimates Current Vulnerabilities Due to Certain Concentrations Interaction with other ASC Topics Review Questions Glossary of Key Terms |
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