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COVID-19: Accounting and reporting implications of the outbreak

Published on: Mar 30, 2020

Business entities must carefully consider their unique circumstances and financial reporting and disclosure issues related to conditions that may result from the outbreak of coronavirus disease 2019 (COVID-19). Each business may be challenged in different ways, and financial reporting functions may need to address a variety of accounting, reporting, and internal control challenges. We'll discuss:

  • Evaluating long lived assets for impairments.
  • Accounting for contract modifications.
  • Measuring financial assets.
  • Adapting internal control environments.

Participants will hear perspectives on the applicable accounting framework and learn about key considerations relevant to the current economic environment.

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