Accounting for Debt Restructuring during Uncertain Financial Times Webinar (2 Hours)


Due to COVID-19, many companies today are experiencing financial difficulties and will not be able to meet their loan covenants or cash flow requirements under their current loan arrangements. As a result, many debtors will restructure their loans with their creditors by extending payment terms, lowering the interest rate, or agreeing to a reduction in the principal amount owed.

This webinar will explain in detail the accounting for debt restructurings, as well as provide thorough examples of realistic potential situations that may arise as a result of these unpredictable and tumultuous times.



To analyze how complicated and unpredictable financial situations (such as the COVID-19 crisis) can require changes in how to handle the accounting of debt restructuring from the perspective of both debtors and lenders.

Additional New Webinars on COVID-19:

COVID-19: The New Legal Landscape for Employers and Employees Webinar (1.5 Hours)

Cybersecurity in a Business World Impacted by COVID-19 Webinar (1.5 Hours)

Employee Retention Tax Credit: A Hands-On Guide to Maximizing the Latest Tax Benefit (1 Hour)

Exploring the Long-Term Economic Impact of COVID-19 Webinar (1 Hour)

Financial Leadership during the COVID-19 Crisis: An Expert Panel Discussion Webinar (1 Hour)

Impact of COVID-19 on Complying with SEC Requirements, including ICFR Compliance Webinar (1 Hour)

Impact of COVID-19 on Financial Reporting & Disclosures Webinar (4 Hours)

International Cash & Treasury Management in a COVID-19 Business World Webinar (1.5 Hours)

Lease Modifications: ASC 842 & COVID-19 Impact Webinar (1.5 Hours)

Managing Global Contracting during the COVID-19 Crisis Webinar (1 Hour)

Paycheck Protection Program: An Update on Loan Forgiveness Calculation Webinar (2 Hours)

Recent Developments at the FASB & IASB in Response to COVID-19 Webinar (1.5 Hours)

Recent Developments in Transfer Pricing, including the Impact of COVID-19 Webinar (1 Hour)

State And Local Taxation (SALT) Update & the Impact of COVID Relief Programs, including PPP, ERC, et al. (3.5 Hour Webinar)

Tax Aspects of the "Coronavirus Aid, Relief & Economic Security (CARES) Act" Webinar (3 Hours)

Tax Planning for 2020/2021 & Beyond: Biden Agenda, PPP Forgiveness & More (3-Hour Webinar)

  • ASC Subtopic 470-60 Debt-Troubled Debt Restructuring by Debtors
  • ASC Subtopic 470-50 Debt-Modifications and Extinguishments
  • Brief comparison to IFRS 7
  • Debt issue costs
  • Financial difficulty indicators
  • Settling troubled debt
  • Interest on contingent payments
  • Borrowing capacity





No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: