In addition to being a significant business interrupter for many entities, the financial impact of the COVID-19 pandemic is still creating a signif...
6/24/2022 8:00am - 11:30am | Online | Surgent
CPE Categories: Accounting (4 CPE)
Interest Areas: Accounting and Auditing, Emerging Trends
In addition to being a significant business interrupter for many entities, the financial impact of the COVID-19 pandemic is still creating a significant financial reporting impact for virtually all entities. Many formerly profitable entities will be looking at charges for once unthought-of circumstances, from fixed asset impairment to inventory and receivables write-downs. Further, many entities will need to account for debt and other contractual modifications, including restructuring, forgiveness, and debt covenant modifications, as well as the receipt and forgiveness of Paycheck Protection Program loans. Applying this often-complex accounting guidance in these areas may be challenging. In this course, we will review in detail the accounting guidance that many entities will need to apply when preparing their next set of financial statements. We will also review disclosure guidance for such topics as going concern considerations and subsequent events as well as other relevant financial statement recognition and presentation issues.
Presented by Richard Daisley, CPA
Accounting and auditing practitioners assisting in the preparation of financial statements
Experience in accounting and auditing
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