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Accounting Considerations with the New Leasing Standard and Paycheck Protection Program

September 16, 2020
3:00 PM to 4:00 PM EST

Valarie Pham
Technical Support:

Technical Support
(BDO Employees):
  • Summary
  • Recording and Materials

Companies in almost every industry sector of our economy are having to deal with the unprecedented impact COVID-19 will have on their businesses. In this discussion, we’ll cover the accounting guidance and practical matters relating to the new Lease Accounting Standard (ASC 842) and the COVID-related Paycheck Protection Program (PPP).

We’ll navigate through ASC 842 implementation challenges and what we’ve learned from public company implementations. We’ll review the PPP loan for those who qualified and got funded, how to account for it, and applying for loan forgiveness. The program will include in-depth walkthroughs of illustrative examples on these topics.