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Review of guidance in ASU 2020-06 that simplifies accounting for convertible instruments.

The spread of the COVID-19 pandemic is impacting businesses around the world. As entities consider the effects of COVID-19 on their global operations, careful consideration is needed in understanding the accounting implications of these developments.

What has been the impact of COVID-19 in your business? Consider these implications on disclosures during the preparation of your financial statements.

The AICPA has issued the Technical Questions and Answers summarizing the creditor accounting for PPP loans.

On this issue we discuss the AICPA Technical Question and Answers (TQA) 2130.41 that address the subsequent accounting for the restructure of debts made by creditors in response to COVID-19.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Paycheck Protection Program (PPP), which is administered by the Small Business Administration (SBA), to provide potentially forgivable loans to support eligible small businesses impacted by COVID-19.

The SEC’s Division of Corporation Finance issues guidance that includes additional disclosure considerations related to business and market disruptions caused by COVID-19 and supplements, among others.

FASB defers the effective dates of the revenue and leases standards for certain entities.

In this issue we review interagency statement on loan modifications and reporting for financial institutions working with customers affected by the coronavirus, specifically the agencies’ views on whether these loans restructured by creditors in response to COVID-19 are trouble debt restructuring under ASC 310-40.

Many businesses have been evaluating how to dealt with their rent contracts. This article presents the accounting for rent concessions in times of economic uncertainty surrounding COVID 19.

In this article we present the SEC order to provide conditional regulatory relief and assistance to companies affected by the coronavirus (COVID-19).

New AICPA standard SSAE 19 adds more flexibility to AUP procedures.

In this issue we review the SEC’s Division of Corporation Finance view regarding the disclosure obligations that companies with international business operations should consider regarding intellectual property and technology risks associated with international business operations.

In this issue we review the SEC final rule amending Section 13 of the Bank Holding Company Act, commonly referred to as the “Volcker Rule.”

SEC highlights certain risks associated with the expected discontinuation of LIBOR past 2021.

Two methods identified for operating lease receivable impairment accounting.