Dbriefs Webcast

Special Edition | COVID-19: Accounting and reporting implications of the outbreak

Financial Reporting

March 30 | 11 a.m. ET

Host: Chris Chiriatti, managing director, Deloitte & Touche LLP
1 Overview CPE credit | Accounting

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.
  • Remote close and adapting internal controls.

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

Financial Reporting Dbriefs webcast

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COVID-19: Accounting and financial reporting considerations

The coronavirus disease 2019 (COVID-19) pandemic is affecting major economic and financial markets, and virtually all industries are facing challenges associated with the economic conditions resulting from efforts to address it. For example, many entities in the travel, hospitality, leisure, and retail industries have seen sharp declines in revenues due to regulatory and organizational mandates (e.g., "shelter in place" mandates, school closures) and voluntary changes in consumer behavior (e.g., "social distancing").