Accounting for contract modifications in a COVID-19 environment

Event details

Many businesses are facing challenges as a result of the COVID-19 pandemic, with reduced revenues, liquidity challenges, or supply chain management issues. In this environment, contract modifications – be it with a lender, landlord, supplier, employee, or customer – may become more common. 

Before acting, make sure you understand the financial reporting and disclosure implications of executing contract modifications.

Join us on Oct. 27 for a focused discussion on the financial reporting implications of modifications to loan contracts, lease arrangements, employee agreements, customer contracts, and more. Upon completing the webinar, attendees should be able to:

• Identify the appropriate accounting model to apply to a particular contract modification
• Explain the relief provided by the FASB staff applicable to modifications of certain lease arrangements
• Describe the financial reporting implications of executing a modification to a loan, lease arrangement, employee agreement, or customer contract
• Describe the disclosure and other considerations of contract modifications

Who should attend? 

This webinar is designed for chief financial officers, chief accounting officers, controllers, VPs/directors of finance, accounting managers, directors of financial reporting, and audit committee members

Presenters 

Matthew A. Geerdes, CPA, Senior Manager
Sean Prince, CPA, Managing Director

Continuing professional education 

Advance preparation: None
Prerequisites: None
Program level: Overview
Field of study: Accounting
Delivery method: Webinar (live group internet) 

Additional CPE information

This session is recommended for 1.5 hours of CPE credit. 
There is no fee to participate in this event; therefore, there is no cancellation fee.

Additional information

For additional information please contact Jon Losey.