Accounting for the Unexpected - A Guide to Subsequent Events

Course Overview

This course provides CPAs with a practical and focused examination of subsequent events under U.S. GAAP. It explains the distinction between recognized subsequent events and nonrecognized subsequent events, outlines the financial reporting and disclosure requirements, and covers the key considerations for evaluating the impact of post-balance-sheet developments. The course also addresses management responsibilities, audit implications, and examples of common subsequent events.   

Learning Objectives

Upon completion of this course, you will be able to:

• Identify the key characteristics and timing of subsequent events under ASC 855

• Differentiate between recognized and nonrecognized subsequent events

• Determine when financial statement adjustments are required versus disclosure 

• Recognize common examples of subsequent events and their typical accounting treatment

• Recognize audit procedures and documentation requirements related to subsequent events

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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