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Accounting Estimates: Risks, Challenges, and Potential Bias Course Overview This course provides an overview of the role of accounting estimates within U.S. GAAP. It addresses some of the key areas where estimates are required, such as fair value measurements, impairment assessments, and contingent liabilities, and emphasizes their significance in financial reporting. The course also explores the inherent risks and challenges of using estimates, including the potential for bias and abuse. Learning Objectives Upon completion of this course, you will be able to: • Identify key areas in U.S. GAAP where accounting estimates are required • Recognize the potential risks and challenges associated with accounting estimates • Differentiate between the proper use of estimates and instances of misuse or manipulation • Determine the impact of inaccurate accounting estimates on financial statements
Revision Date: NEW 10/6/25
Additional Contents : Complete, no additional material needed
Advance Preparation : None Intended Participants : Any CPA looking to maintain or enhance their professional competence Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE Click here to view cancellation and record retention policies Write Review
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