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Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
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 successful completion of this course, participants 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
Course Specifics
SS125444372
September 12, 2025
There are no prerequisites.
None
49
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …
QAS Self-Study
