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

Overview: 

The global economy is experiencing unprecedented economic upheaval due to the Coronavirus crisis. Stock markets are on a roller coaster ride. Oil is trading at a 17-year low. Businesses have temporarily closed, and millions of workers have been laid off. These issues could have significant implications for impairments and business value. This webinar will explore:

  • Current economic conditions
  • Industries that may experience adverse financial reporting effects
  • Impairment and troubled-debt restructuring literature and accounting implications
  • Possible impacts on current expected credit loss model/allowance for bad debts
  • Impacts of uncertain cash flows on Discounted Cash Flow (DCF) valuations
  • Potential effects of defined benefit pension plans
Objective: 

To review financial reporting issues that may arise due to economic conditions caused by the Coronavirus pandemic, and discover ways to account for those financial reporting issues.
 

Additional New Webinars on COVID-19:

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

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)

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)

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)

Sales Tax Strategies during the Economic Disruption of the COVID-19 Outbreak Webinar (2 Hours)

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)
 

Emphasis: 
  • Current state of the economy
  • Potential Impairments
  • Financial reporting and disclosures
  • Loss of business value
  • Restructurings and troubled-debt restructurings
  • Negative cash flow implications
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
4.00
NASBA Field of Study: 
Accounting