Accounting Estimates: Risks, Challenges, and Potential Bias

Accounting Estimates: Risks, Challenges, and Potential Bias
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Price: $14.99
Credits: 1.0
Prerequisite: None
Level: Intermediate
Model: KC112
Author: Kelen F. Camehl, CPA, MBA
Average Rating: Not Rated
Fields of study: Accounting
Format: PDF


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
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