- NY Credits : 1.0
- TX Credits : 1.0
Russ Madray, CPA discusses FASB guidance on accounting for contingencies, the differences between estimates and contingencies, and when to accrue for gains or losses.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify where the authoritative guidance is found on uncertainties and contingencies and how to apply it,
identify the relationship between uncertainties, estimates, and contingencies,
define a contingency, and
identify the steps and how to recognize a contingency.