Accounting for Exit or Disposal Cost Obligations - What CPAs Need to Know ​

Course Overview:

This course provides a focused overview of the accounting for exit and disposal cost obligations under ASC 420. It covers key topics such as workforce reductions and contract terminations, with an emphasis on recognizing and measuring related liabilities. We’ll also touch on the basic reporting and disclosure requirements under U.S. GAAP.


Learning Objectives:

 Upon completion of this course, you will be able to:

• Identify the types of restructuring costs within the scope of ASC 420 
• Recognize the criteria for determining when exit and disposal cost obligations should be recorded
• Differentiate between the timing and measurement requirements for restructuring liabilities
• Recognize reporting and disclosure requirements related to restructuring costs