Accounting and Financial Reporting for COVID-19, CARES Act and PPP Loans

$70.00

Understand the impact that COVID-19 has on accounting and financial reporting, plus CARES Act changes, and accounting for PPP loans and forgiveness.

Add to Wish List
Add to Wish List
SKU: accounting-and-financial-reporting-ss Categories: , Tag:

Accounting and Financial Reporting for COVID-19, CARES Act and PPP Loans

Author: Steven C. Fustolo, CPA

Electronic version only


The objective of this course is to review the impact that COVID-19 has on accounting and financial reporting, and the changes made by the CARES Act and the Consolidated Appropriations Act, 2021, including accounting for Paycheck Protection Program (PPP) loans and forgiveness.

With this 4-hour course you will:

  • Get a 132-page PDF manual
  • Recognize some types of concentrations that might require disclosure under the risk and uncertainty rules including supply-chain shortages
  • Identify the definition of near term
  • Recall the frequency in which an entity should test goodwill for impairment
  • Recognize some exit and disposal costs
  • Recall how to classify business interruption insurance proceeds on the financial statements
  • Identify the benchmark used to determine going concern
  • Recognize how to report on going concern
  • Identify a method that can be used to measure variable consideration revenue
  • Recognize an example of a construction-type contract
  • Identify an advantage of remote auditing
  • Recall how to present debt issuance costs in the financial statements
  • Recognize how to account for PPP loan forgiveness
  • Identify how to treat the forgiveness of a PPP loan for tax purposes, and
  • Identify an example of a circumstance in which an emphasis-of-matter paragraph might be necessary
Designation CPE Hours
CPA 2 Accounting and 2 Auditing

Course level: Overview
General understanding of accounting, financial reporting, auditing, and compilation and review standards is required.

Want to order by phone? Call us at: (714) 776-7850


Spidell Publishing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 4 hours of continuing education for the California Board of Accountancy. Level: Overview. Field of Study: Accounting and Auditing. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. Prerequisite: General understanding of accounting, financial reporting, auditing, and compilation and review standards is required.

Spidell Hours

CPA
Acctng 2
Auditing 2

Reviews

There are no reviews yet.

Be the first to review “Accounting and Financial Reporting for COVID-19, CARES Act and PPP Loans”