Accounting for Restructuring Provisions and Related Termination Benefits
Description
After an overview of the various terminology associated with restructuring plans and termination benefits, this CPE-eligible, eLearning course (1.0 CPE) introduces you to the main standards governing the accounting for such benefits (ASC 420 and ASC 712). It is important to know which rule applies under U.S. GAAP because the accounting is different! This online course also covers the recognition and measurement of exit or disposal costs obligations in accordance with ASC 420. We then discuss the various types of termination benefits, including the accounting under either ASC 420 or ASC 712, depending on the type of benefit. This course ends with an overview of the presentation and disclosure requirements related to restructuring plans under both standards.
Learning Objectives
- Recall how to account for exit or disposal costs within the scope of ASC 420
- Recognize the difference in accounting for voluntary and involuntary termination benefits
- Classify involuntary termination benefits as either one-time (ASC 420) or contractual (ASC 712)
- Recall the accounting for involuntary termination benefits depending on the classification and whether future service is required
Additional Information
| Last Updated | 11/01/2023 |
|---|---|
| CPE Credit | 1 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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