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ENGAGE 2020


NAA302 - NAA302. Lease Concessions & PPP Loans


Sep 21, 2020 2:00pm ‐ Sep 21, 2020 2:50pm

Description

In this session we will discuss the financial reporting options and nuances for PPP loans under the FASB ASC and for lease concessions due to COVID-19.  The session will feature a deep dive into the nuances (including PPP loan derecognition) of the four models to account for PPP loans and the FASB Staff Q&A on COVID-19 lease concessions (both for entities using FASB ASC 842 and 840).

Learning Objectives:
  • Analyze 4 models for financial reporting for PPP loans
  • Determine options for COVID-19 lease concessions

Speaker(s):

  • Thomas Groskopf, CPA, Technical Director - Center for Plain English Accounting, AICPA/Barnes, Dennig & Co., Ltd
Category: Concurrent Session (Online)

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