Financial Accounting in a COVID-19 World

$49.00

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This program addresses the many business financial accounting issues that are impacting the CPA practice in a world of crisis. The unique financial reporting and planning challenges facing practitioners are explained using actual practice situations and then analyzed for their reporting implications. Financial accounting for PPP loan forgiveness will be discussed, along with a review and update of GAAP topics impacting current crisis financial reporting.

Learning Objectives: To provide an exploration of numerous practical financial reporting situations caused by the COVID-19 related economic crisis.

Program Content:

  • "Real-life" examples and practice issues facing CPAs in these extraordinary times
  • Accounting for PPP loan forgiveness.
  • GAAP impact on economic crisis financial reporting.
  • Lease accounting rules.
  • AICPA, FASB, and SEC pronouncements related to COVID-19.
  • Planning and financial statement preparation in times of crisis.

Who should attend: CPAs in public practice seeking an update on the latest financial accounting developments affecting their business as they relate to the COVID-19 economic stress.

Program Level: Basic

Developed By: Federal Tax Workshops, Inc

Instructor: Steven C. Dilley, CPA, JD, PhD

CPE Credit: 2 hours

Field of Study: Accounting

Prerequisites: None

Advanced Preparation: None