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FUS834 – Accounting & Financial Reporting for COVID-19, CARES Act & PPP Loans

Course and Test $ 45.00
Course and Test PDF $ 30.00
Additional Hard Copy Test $ 6.00
Additional Online Test $ 6.00

 

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SKU: FUS834 Category: Tags: ,

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CPE Credit Hours: 2

Field of Study: Accounting

Publication date: December 2020

 

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 2020 CARES Act, including accounting for Paycheck Protection Program (PPP) loans and forgiveness.

Topics include: Disclosures of risks and uncertainties; impairment issues related to goodwill and other long-lived assets; accounting for variable consideration revenue and onerous contracts;  dealing with inventory costs and stock market investment losses; collectability of trade receivables; loan modification; dealing with business interruption insurance.  With respect to the CARES Act, the course discusses the accounting for PPP loans and forgiveness, accounting for tax changes made by the CARES Act, and more.

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This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of accounting, financial reporting, auditing and compilation and review standards

Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase