COVID-19 is going to have an impact on the financial statements of most businesses this year, and not just on the top line. As we head into audit season, Frazier & Deeter partners, Mike Cheng and Bill Godshall, will take a look at case studies of some of the uncommon accounting situations that organizations may face this year.
- Inventory accounting – in a year of massive supply chain disruption, what are the implications for inventory accounting?
- Accounting for PPP loans – if you received a loan that’s been forgiven how do you account for it?
- Location exit – do you have a location you’ve walked away from using? Hear about the accounting guidance for this scenario
Bill Godshall, Leader of the Public Company Audit Practice, Frazier & Deeter
Mike Cheng, National Professional Practice Partner, Frazier & Deeter
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