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

 

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: 
1.50
NASBA Field of Study: 
Accounting