Course ID:

How COVID-19 is Infecting Accounting and Financial Reporting

The global tragedy of the coronavirus pandemic (COVID-19) continues to be felt  by individuals and businesses alike. While the long-term economic and business consequences remain  unknown, this course will provide insight into the real-life implications that this pandemic is having on the  application of currently required accounting, presentation, and disclosure rules when preparing the  financial statements of public and nonpublic entities alike.


Learning Objectives

Upon completion of this course participants will be able to: 

  • Describe the accounting, presentation, and disclosure requirements of financial statements  prepared under U.S. GAAP and special purpose frameworks that are likely to “kick-in” as a result  of the continued pandemic
  • Explain important internal control considerations as financial statements must continue to be prepared during this tumultuous time

Major Topics
  • Practical financial statement implications triggered by various U.S. GAAP and special purpose  framework accounting, presentation, and disclosure matters, such as the following and more: o
    • Subsequent events
      • Valuation of receivables and investments
      • Impairment of long-lived assets, including goodwill
      • Hedge accounting, including interest rate swaps
      • Revenue recognition, including collectability and variable consideration
      • Loss contingencies
      • Going concern
  • Real-life examples of risk and uncertainty disclosures being made by public and nonpublic  companies alike
  • Critical internal control considerations in today’s business and economic environment

Who Should Attend

Public and industry accountants at all levels interested in remaining current on professional,  technical and relevant regulatory requirements


Level
Basic

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or team@blionline.org
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