ASPE Accounting Considerations related to COVID-19
Are you thinking about the impact that COVID-19 might have on your private company’s ASPE financial statements? This publication discusses certain key ASPE accounting considerations related to conditions that may result from the COVID-19 pandemic. The topics in the publication include: measurement uncertainty, going concern, subsequent events, impairment, covenant violations, debt modifications, revenue recognition, government assistance, leases and restructuring activities, just to name a few.
Related Topics
- Section 3064, Goodwill and intangible assets
- Section 3065, Leases
- Section 3290, Contingencies
- Section 3400, Revenue
- Section 3462, Employee future benefits
- Section 3465, Income taxes
- Section 3475, Disposal of long-lived assets and discontinued operations
- Section 3800 - Government assistance
- Section 3856 - Financial instruments
- Section 3870 - Stock-based compensation and other stock-based payments
- Section 1000, Financial statement concepts
- Section 1400, General standards of financial statement presentation
- Section 1508, Measurement uncertainty
- Section 1510, Current assets and current liabilities
- Section 1520, Income statement
- Section 1591, Subsidiaries
- Section 1651 - Foreign currency translation
- Section 3031 - Inventories
- Section 3041 - Agriculture
- Section 3063, Impairment of long-lived assets