Understanding the proper accounting for and reporting of financial statement areas containing uncertainty can be challenging, especially ensuring adequate disclosure of risk to the financial statement users. This four-hour morning course will provide critical considerations when evaluating the proper treatment of accounting estimates, loss contingencies, and going concern in U.S. GAAP basis financial statements.


  • Be able to identify areas of the financial statements that contain accounting or reporting uncertainty
  • Understand the proper accounting treatment of loss contingencies under U.S. GAAP
  • Discuss how to evaluate the sufficiency of accounting for areas of estimation, such as common allowances and accruals
  • Describe the important considerations when determining the proper disclosure of going concern and other areas of uncertainty


  • Identifying financial statement areas containing recognition, measurement, presentation, or disclosure uncertainty
  • Applying common techniques for evaluating the proper accounting treatment of loss contingencies, allowances, accruals, and other areas with recognition and measurement uncertainty
  • Describing important presentation and disclosure considerations when highlighting uncertainty to financial statement users making economic decisions
  • Evaluating the adequacy of disclosure of going concern uncertainty under U.S. GAAP

Who Will Benefit

CPAs in either public or private practice with accounting, financial reporting, or attest responsibilities


Category Amount
Accounting 4.00


  • Marty Van Wagoner

    Marty D. Van Wagoner is a partner in the firm of Child, Van Wagoner & Bradshaw, PLLC (CVB). He has been with CVB and its predecessors for over ten years, with an emphasis in audits of SEC and international clients. He has over twenty years' experience in auditing, accounting, and business advisory services. Van Wagoner spent four years as a professor of accounting, information systems, and MBA courses at the University of Utah. Before CVB, he worked two years for professional placement organizations, recruiting, and placing accounting professionals. Prior to that, he worked ten years as an auditor in the Salt Lake City office of KPMG, serving primarily in the firm's manufacturing, retail, and distribution (MRD) practice, with additional specialty in not-for-profit organizations. He has also served as President of the Utah Association of Certified Public Accountants (UACPA). He has been teaching CPE courses for the last nine years. Van Wagoner received his BA in Accounting with a Spanish minor and his MBA from the University of Utah.

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