NOT2109. COVID-19 Accounting Challenges and Practical Solutions

This session will address the common accounting and financial issues arising from COVID-19, such as PPP loans, payroll credits and deferrals, lease concessions and modifications, donors' changing restrictions on donations, going concern analysis, internal control considerations in a virtual environment, and other accounting topics that could result from the pandemic.

Learning Objectives:

• Understand key accounting areas that could be impacted by the COVID epidemic.
• Understand FASB's GAAP relief and other FASB Q&As offered for COVID