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| Business Interruption Claims Overview(2061Q) |
Course CPE: 2 hours
Field(s) of Study: Accounting–2 hrs
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 25PM0113BIC
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: January 13, 2025
Presenter: Kerrie Merrifield
Program Description:
In this course, we will cover the types of business interruption claims that occur. We will discuss how to plan for the engagement and reporting the findings. We will give an overview of the business interruption insurance policies, the various types of coverages and exclusions that you need to be aware of. We will go in depth on the period of restoration, what it is and when is considered completed. We will address the similarities and differences in the different methods of calculating business interruption losses.
After completing this course, you will be able to:
- Determine and plan a business interruption engagement
- Determine a business interruption loss in accordance with the insurance policy
- Identify and properly treat extra expenses
- Recognize the period of restoration time period and apply it to the engagement
- Differentiate between extra expenses, saved expenses and regular expenses
- Identify the differences between the calculation methods
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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