After an overview of the various terminology associated with restructuring plans and termination benefits, this CPE-eligible, eLearning course (1.0 CPE) introduces you to the main standards governing the accounting for such benefits (ASC 420 and ASC 712). It is important to know which rule applies under U.S. GAAP because the accounting is different! This online course also covers the recognition and measurement of exit or disposal costs obligations in accordance with ASC 420. We then discuss the various types of termination benefits, including the accounting under either ASC 420 or ASC 712, depending on the type of benefit. This course ends with an overview of the presentation and disclosure requirements related to restructuring plans under both standards.