Home

Accounting and Financial Reporting: COVID-19, CARES Act, and PPP

Accounting and Financial Reporting: COVID-19, CARES Act, and PPP 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, and the Consolidated Appropriations Act, 2021, including accounting for Paycheck Protection Program (PPP) loans and forgiveness. Topics include: Disclosures of risks and uncertainties; going-concern reporting and disclosure issues; 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; collectibility of trade receivables; exit and termination benefit obligations; contingencies; and accounting and auditing engagement matters. The course also discusses the accounting for PPP loans and forgiveness, and the accounting for tax changes made by the CARES Act and Consolidated Appropriations Act, and more.

Course Info:

  • Course #: 2135B
  • Delivery: Self-Study
  • CPE Hours: 4
  • Course Level: Basic
  • Prerequisites: None
  • Advanced Preparation: None
  • NASBA Area of Study: 2 Accounting, 2 Auditing
  • Total Pages: 127
  • Questions: 20

Course Objectives

Table of Contents

Purchase Membership

Annual Membership: $149

Receive unlimited access to all courses offered by Sequoia CPE for 1 year (no ethics included).

Buy Now

100% Money Back Guarantee

If you are not satisfied with your purchase for any reason, you may receive a full refund any time in the first 45 days of membership. Please call Customer Service at 1-800-572-9675 with any concerns or to request a refund.

Customer Rating

Avg. Rating: 4.68 / 5

Sequoia CPE 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 courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.