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2 CPE

Surgent's Accounting for Litigation and Legal Contingencies

This is a text-based course

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2 CPE

This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

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.

Learning Objectives

  • 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

Major Topics

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

CPE Credits Available

2 CPE
2
Accounting

Things to Know About This Course

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

None

Advanced Preparation

None

Intended Audience

Professionals interested in Accounting for Litigation and Legal Contingencies

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 49 49
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  • COCPA Non-Member

    $ 64 64
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