ACCOUNTING

The Accounting / GAAP collection provides comprehensive research reports, industry analyses, and regulatory insights focused on U.S. Generally Accepted Accounting Principles (GAAP) and global financial reporting standards. As organizations face increasing scrutiny from regulators, investors, and auditors, the need for accurate, up‑to‑date accounting intelligence has never been greater. This category brings together high‑quality analytical materials designed to support financial professionals, compliance teams, auditors, and corporate leaders in navigating complex reporting requirements.

Our reports cover a wide range of accounting topics, including revenue recognition (ASC 606), lease accounting (ASC 842), financial instruments, fair value measurement, consolidation, impairment testing, and internal controls over financial reporting. Each publication provides detailed explanations of regulatory updates, practical implementation guidance, industry benchmarks, and real‑world case studies that help organizations understand how GAAP standards impact financial statements, disclosures, and operational decision‑making.

With regulatory expectations evolving rapidly, companies must stay ahead of changes issued by the Financial Accounting Standards Board (FASB), the SEC, and other governing bodies. Our research helps organizations interpret new standards, assess compliance risks, and evaluate the financial implications of accounting policy decisions. Whether you are preparing for an audit, conducting due diligence, managing financial reporting for a public company, or supporting internal accounting functions, these reports offer actionable insights grounded in authoritative guidance.

This category is particularly valuable for CFOs, controllers, auditors, financial analysts, accounting consultants, and regulatory compliance teams. Each report includes structured analysis, scenario modeling, disclosure examples, and industry‑specific considerations to support accurate and transparent financial reporting. By combining technical expertise with practical application, our research helps organizations strengthen internal controls, improve reporting quality, and reduce the risk of misstatements or regulatory penalties.

The Accounting / GAAP collection is continuously updated to reflect new pronouncements, emerging best practices, and evolving market expectations. As financial reporting becomes more complex and interconnected with areas such as ESG, risk management, and digital transformation, access to reliable accounting intelligence is essential for maintaining compliance and supporting strategic business decisions.

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DELOITTE: "FINANCIAL REPORTING CONSIDERATIONS RELATED TO COVID-19 AND ECONOMIC DOWNTURN".
$450.00
DELOITTE: "FINANCIAL REPORTING CONSIDERATIONS RELATED TO COVID-19 AND ECONOMIC DOWNTURN".

DELOITTE: "FINANCIAL REPORTING CONSIDERATIONS RELATED TO COVID-19 AND ECONOMIC DOWNTURN".

$450.00
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Date of Publishing: September, 2020.

No. of Pages: 116.

 

As COVID-19 continues to spread globally, it may be appropriate for entities to consider the impact of the outbreak on accounting conclusions and disclosures related to, but not limited to, the following:

• Impairment of non-financial assets (including goodwill). • Valuation of inventories. • Allowance for expected credit losses. • Fair value measurements. • Onerous contracts provisions. IFRS in Focus 2 • Restructuring plans. • Breach of loan covenants (including impact on the classification of liabilities as current vs non-current). • Going concern. • Liquidity risk management. • Events after the end of the reporting period. • Hedging relationships. • Insurance recoveries related to business interruptions. • Employment termination benefits. • Share-based compensation performance conditions and modifications. • Contingent consideration in contractual arrangements. • Modifications of contractual arrangements. • Tax considerations (in particular, recoverability of deferred tax assets). 

The ultimate recognition of accounting impacts related to these issues will vary depending on each entity’s specific facts and circumstances. However, the following accounting areas may be more likely to be affected as a result of the COVID-19 outbreak.

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Contents:
1. Executive Summary.
2. SEC and PCAOB Announcements related to COVID-19.
3. SEC Reporting and Disclosure Considerations.
4. Broad Financial Reporting and Accounting Considerations.
5. Internal Control Considerations.
6. Financial Reporting Under ASC 852 for Entities in Reorganization Under the Bankruptcy Code.

Appendix A - Industry-Specific Insights
Appendix B - Entities Reporting Under IRS Standards.
Appendix C - Deloitte Contacts and Acknowledgements.
Appendix D - Questions in DG Topic 9 and 9A.
Appendix E - Summary of Changes.

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