Governmental and Not-for-Profit Training Program 2018

GOV1816 - Accounting and Auditing for Estimates

Oct 15, 2018 3:00pm ‐ Oct 15, 2018 4:40pm

Standard: $49.00

Description


This session will cover the areas in nonprofit and governmental accounting that require significant estimates. During this session, we will cover the preparer and auditing perspective including:

  • Discounts on long-term receivables including pledge receivables
  • Collectability and allowances on receivables
  • Valuation and impairment of investments
  • Deferred revenue, liabilities and swaps
  • Allocations of expenditures
  • Useful lives and impairment of long-lived assets
  • Donated goods and services
  • Pension obligations
  • Asset retirement obligations
  • Split-interest agreements


Learning Objectives:

  1.  Reconstruct the estimates listed in the session description.
  2.  Evaluate the audit and accounting implications of misjudging estimates.
  3. Interpret an estimate and correctly audit.

Speaker(s):

Tags: Intersection

You must be logged in and own this session in order to post comments.