COVID-RELATED ACCOUNTING AND FINANCIAL REPORTING - 2022 EDITION - Download Version
Updated! The objective of this course is to inform the reader of the accounting and financial reporting impacts of the economic crisis created by COVID-19, and the changes made by the 2020 CARES Act, including accounting for Paycheck Protection Program (PPP) loans and forgiveness, and the Consolidated Appropriations Act, 2021. Topics include disclosures of subsequent events, going-concern reporting, impairment issues, collectability of trade receivables, recognition and tax treatment of PPP loan forgiveness, and many other important areas affected by the coronavirus and subsequent tax legislation.
Course Prerequisite: None
Course Level: Overview
Field of Study: Accounting and Auditing
Course Format: Downloadable Text
Recommended CPE Credit: 4 hours (2 hours: Accounting and 2 hours: Auditing)