Accounting for Coronavirus – eLearning

The COVID-19 pandemic has had a devastating global impact. Its profound public health, societal and economic repercussions are likely to be with us for some time to come. But what are the financial reporting implications of the crisis?
Looking in turn at non-financial assets, revenues and grants, provisions and employee benefits, financial instruments and other issues including the crucial concept of going concern, this course outlines the issues in reporting on companies’ performance during and after the pandemic.

Upon satisfactory completion of this activity you will be able to:
•Understand the financial reporting implications of the COVID-19 pandemic.
•Provide for appropriate adjustments and impairments for non-financial assets.
•Understand the implications for revenue recognition of contract fulfillment and payment difficulties.
•Understand the challenges of accounting for provisions, contingent liabilities and contingent assets.
•Deal appropriately with accounting for employee benefits such as holiday pay, pension funds and termination benefits.
•Make appropriate provisions for the late or non-payment of debt and consider liquidity management risks.
•Understand the repercussions of other key issues including going concern, post balance sheet events and deferred tax assets.

Benefits:
Stay on top of the issues in reporting on companies’ financial performance during and after the COVID-19 pandemic.