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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 33 ||| Word Count: 13,317 ||| Review Questions: 8 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2516 |
| Description : |
This course examines the important role of accounting estimates in financial reporting and auditing. Participants will gain an understanding of how estimates are used across key areas of U.S. GAAP, their inherent risks, and how they can be abused. The course also explores the responsibilities of auditors and highlights some of the procedures for evaluating accounting estimates. |
| Usage Rank : | 20000 |
| Release : | 2025 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Generally Accepted Accounting Principles (GAAP): Definition and Rules
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 21-Mar-2025 |
| 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. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2516 |
| Keywords : | Accounting, Risk, Abuse, Accounting, Estimates, GAAP, Insights, Audit, Strategies, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
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| Course Contents : | Chapter 1 - Accounting Estimates in GAAP and Their Risks Learning Objectives Chapter Overview Introduction Risks & Challenges in Using Estimates Examples of Key Estimates Fair Value Measurements Impairment of Goodwill and Other Intangible Assets Contingent Liabilities Revenue Recognition Pension and Other Post-Retirement Benefits Income Taxes Allowance for Doubtful Accounts Stock-Based Compensation Asset Retirement Obligations Conclusion Review Questions Chapter 2 - Auditing Accounting Estimates Learning Objectives Chapter Overview Introduction Auditor Overall Responsibilities Evaluating Methods of Estimation Identification & Evaluation of Significant Assumptions Auditor Derived Expectations Evaluating Post-Measurement Date Evidence Evaluating Audit Results Audit Challenges Best Practices When Auditing Accounting Estimates Conclusion Review Questions Glossary of Key Terms |
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