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.
Course Publication Date:
September 27, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | ACT-EXIT-29005 |
| Recommended CPE: | 1.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- 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.