Webcast
Accounting and Disclosure Issues After a Natural Disaster
Review the accounting and disclosure implications of natural disasters, including asset impairment, insurance recoveries, government assistance, and debt and liquidity issues. Identify the financial reporting considerations for subsequent events, risks and uncertainties, and going concern assessments.
$98.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Intermediate
Format
Webcast
Course Description
Natural disasters can affect financial reporting well beyond damaged property. In this course, Jennifer F. Louis, CPA, addresses the accounting and disclosure issues arising from floods, wildfires, hurricanes, and other disasters. Review asset impairment, gain and loss contingencies, and the recognition and classification of property damage and business interruption insurance recoveries.
The CPE webcast also covers government assistance, debt covenant violations and modifications, lease disruptions, and other effects on operations. Learn how to identify reporting implications, distinguish recognized from nonrecognized subsequent events, and address risk, uncertainty, and going concern disclosures.
Learning Objectives
Upon completion of this course, participants will be able to:
- Identify impairment indicators and the related accounting considerations for receivables, inventory, long-lived assets, intangible assets, and goodwill.
- Distinguish the recognition and disclosure requirements for gain and loss contingencies.
- Identify the recognition and financial statement classification considerations for property damage and business interruption insurance recoveries.
- Recognize accounting considerations for government assistance, grant conditions, and involuntary conversions.
- Identify the effects of debt covenant violations, waivers, and debt modifications on financial reporting.
- Recognize accounting implications of lease disruptions, idle production capacity, environmental obligations, and deferred tax asset valuation.
- Distinguish recognized from nonrecognized subsequent events and identify related disclosure considerations.
- Identify risk and uncertainty disclosures and management’s responsibilities for assessing and disclosing going concern issues.
Course Specifics
WC1126493403
October 20, 2026
Basic knowledge of financial accounting and U.S. GAAP
None
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
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …
Webcast
