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.
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