COVID-19 | Accounting Reporting and the Cares Act 2020

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Accounting
  • Author/ Speaker: Steven C. Fustolo, CPA

Course ID: Advanced Preparation: Experience Level:
SF-310 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2020 General understanding of accounting and financial reporting standards eBook | Self-Study

COURSE DESCRIPTION

The objective of this course is to inform the reader of the accounting and financial reporting impacts of the economic crisis created by the coronavirus (COVID-19), and the changes made by the 2020 CARES Act. Topics include: Disclosures of subsequent events and risks and uncertainties; impairment issues related to goodwill; accounting for variable consideration revenue and onerous contracts; dealing with inventory costs and stock market investment losses; and business interruption insurance; With respect to the 2020 CARES Act, the course discusses the accounting for Paycheck Protection Plan (PPP) loans, accounting for tax changes made by the CARES Act, and more.

Who Should Attend:

  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and Approved with All State Boards of Accountancy and the following sponsorships:

NASBA
IRS
CTEC