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Governmental and Not-for-Profit Training Program 2019

GOV1934 - Approaching Accounting & Auditing Estimates

Oct 29, 2019 1:10pm ‐ Oct 29, 2019 2:50pm

Standard: $49.00


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.


Tags: Intersection

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