This course provides an overview of the accounting and reporting requirements with respect to costs incurred related to terrorism and natural disasters. Upon completion of this course, you will be able to: Identify the accounting and disclosure requirements related to certain risks and uncertainties and those related to terrorism and natural disasters; Recognize how certain insurance recoveries should be accounted for in an entity’s financial statements; Differentiate between GAAP and tax reporting requirements of costs incurred related to terrorism and natural disasters