This year, COVID-19 upended business as usual in myriad ways, including how companies approached financial reporting. Finance leaders scrambled to adapt to new reporting considerations due to pandemic-related government assistance, modifications of contracts, cash flow concerns, and asset valuation and impairment. Now, finance leaders must quickly pivot to 2021 to understand how financial reporting will change further and what hot-button issues need to be on their radar.
In this webinar recording, Crowe financial reporting specialists distill 2020 lessons learned and share advice on addressing key financial reporting topics such as performing impairment analysis and evaluating contract modifications. We also share observations about impacts of the Coronavirus Response and Relief Supplemental Appropriations Act, enacted Dec. 27, 2020, along with other government assistance.
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