Evaluating Going Concern – What Accountants Need to Know​

Course Overview:

This course covers the accounting and disclosure requirements related to going concern under ASC 205-40. You'll learn how management evaluates whether substantial doubt exists, how to apply the required one-year look-forward period, and what role mitigation plans play in that analysis. The course also explains when disclosures are required and how they differ depending on whether substantial doubt is alleviated.



Learning Objectives:

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

• Identify the conditions that require management to evaluate going concern uncertainty
• Determine the appropriate one-year look-forward period for a going concern assessment
• Recognize how management’s plans may alleviate substantial doubt
• Differentiate between disclosures required when substantial doubt is alleviated and when it is not