The impacts of the COVID-19 pandemic are wide-ranging, with significant effects on accounting and financial reporting for all entities. Complicating the application of the relevant accounting guidance is the inherent uncertainty in which everyone is making decisions, including those with financial reporting responsibilities. This webinar will discuss the various financial accounting, disclosure, and reporting implications, which all preparers of financial statements will be facing over the next few months. Our goal is to give you a thorough list of considerations, with references to the applicable authoritative guidance which will allow entities and their accountants to apply the relevant standards when preparing financial statements in this challenging environment.
DESIGNED FOR
Accounting and auditing practitioners at all levels desiring information on the impact of COVID-19 on accounting and financial reporting.
BENEFITS
- Identify the accounting & reporting issues related to the COVID-19 pandemic
- Apply FASB and AICPA guidance to client situations
HIGHLIGHTS
- Financial statement accounts likely affected by COVID-19 impacts
- Asset impairment accounting models for financial and non-financial assets
- Other financial asset valuation impacts
- Effects of COVID-19 on revenue recognition under ASC 606
- COVID-19 effects on lease accounting
- Presentation and disclosure requirements related to COVID-19 uncertainty
- COVID-19 impact on SEC registrants
COURSE LEVEL
Update
PREREQUISITES
Experience in accounting and attestation.
ADVANCE PREPARATION
None