The Accounting and
Assurance (A&A) Update will cover recently issued accounting, reporting and
auditing standards and other guidance that may affect your business. We will
provide general information on happenings from FASB and AICPA. This session
will touch on COVID-19 accounting considerations as well.
Identify items to be considered from the impact of COVID-19, specifically accounting options related to debt forgiveness under the CARES Act/PPP loans, impairment of assets and revenue recognition.
Outline the new effective dates of the lease standard and other standards that are currently delayed by the FASB.
Identify key accounting issues that are typically encountered in the automotive industry.