Accounting for Restructuring – Workforce and Contract Termination Costs ​

Course Overview:

This course covers the accounting for restructuring costs, including workforce reductions and contract terminations, based on the guidance in ASC 420. We’ll focus on how to identify exit and disposal cost obligations and the timing and measurement of these liabilities. The course also reviews the related 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