3 products
3 products
DELOITTE: "FINANCIAL REPORTING CONSIDERATIONS RELATED TO COVID-19 AND ECONOMIC DOWNTURN".
Regular price $435.00/
Digital Report - immediate delivery to your email.
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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GOLDMAN SACHS: "GLOBAL ECONOMIC OUTLOOK 2021: A VACCINE-SHAPED RECOVERY".
Regular price $0.00/
Digital Report - immediate delivery to your email.
Date of Publishing: November 2020.
No. of Pages: 16.
With the US election largely settled, Goldman Sachs Research has updated its global economic outlook. It is above consensus forecasts for growth in most major economies in 2021. At the most basic level, Goldman Sachs Research views the coronavirus recession as much more V-shaped than previous postwar cycles. Just as the global economy rebounded quickly (albeit partially) from the lockdowns in the spring, the expectation is for the current weakness to give way to much stronger growth when European lockdowns end and a vaccine becomes available. One important assumption underlying the forecast is that governments continue to do a reasonable job replacing private sector income lost in the disruption. In the United States, Goldman Sachs Research expects a $1 trillion stimulus package, potentially enacted before President-elect Joe Biden’s inauguration on January 20. While this is less than half of what might have been seen under a Democratic sweep in the election, it should suffice for a small positive fiscal impulse to US growth in coming quarters.
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Contents:
1. GDP Forecast 2020 - 2022: Goldman Sachs vs. the Bloomberg.
2. A Small fiscal US stimulus ahead: Impact on Budget Deficit & Impact on HDP level.
3. Sharp Rises in Hospitalizations and Infections following colder weather.
4. Renewed Partial Lockdowns in Europe and US.
5.Super-forecasters and Experts Remain Constructive on Vaccine Outlook.
6. Frontline Healthcare Workers, Essential Workers and the Elderly Would Get Vaccine First.
7. A Larger Vaccine GDP Boost to the US and the Europe to China.
8. Limited Increases in Unemployment in Europe and Japan and Sharp Declines in North America.
9. Surprisingly Few Bankruptcies and Elevated Business Formation.
10. Low inflation and Policy Rates in Coming Years.
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S&P: "U.S. BANK OUTLOOK 2021".
Regular price $89.00/
Digital Report - immediate delivery to your email.
Date of Publishing: January 2021.
No. of Pages: 35.
Contents:
- Key Takeaways.
- Key Risks
- Credit Conditions.
- S. Election Impact.
- Ratings Distribution.
- 2021 Forecast.
- Profitability.
- Allowances and Asset Quality.
- Commercial Real Estate, Energy and Consumers.
- Capital Ratios.
- Deposits.
- LIBOR.
- Mergers and Acquisitions.
- Digitization.
- Subgroups and Related Research.
Chart 2: Holding Company Rating Distribution.
Chart 3: Operating Bank Rating Distribution.
Chart 4: Holding Company Outlook Distribution.
Chart 5: Operating Company Outlook Distribution.
Chart 6: All FDIC – Insured Banks: Historical and Forecasted Performance.
Chart 7: Index of Bank Low Growth.
Chart 8: The Path of the Allowance for Loan Losses for FDIC-Insured Banks.
Chart 9: 2020 Q2 Deferral Rate Distribution.
Chart 10: 2020 Q3 Deferral Rate Distribution.
Chart 11: Asset Quality of US Banks.
Chart 12: Provisions To Loans: Current Period Versus The Financial Crisis.
Chart 13: How Allowances And Provisions Compare To DFAST Loan Losses And Provisions.
Chart 14: Bank’s Allowances For Credit Losses.
Chart 15: Sensitivity Chart: Bank CRE Losses To Tier 1 Capital.
Chart 16: Energy and Related Exposure, Quarterly Change.
Chart 17: Energy and Outstanding Exposure Greater than $900 Million At Select US Banks, Q32020.
Chart 18: Household Debt Over Disposable Personal Income.
Chart 19: Total Consumer Debt Balance and Composition.
Chart 20: Credit Card Debt.
Chart 21: Median CET1 of Rated Banks.
Chart 22: Common Dividend Payout Ratio And Permissible Share Repurchases.
Chart 23: Common Equity Tier 1 Ratio – Basel III Fully Phased in.
Chart 24: Loans to Deposits.
Chart 25: Volume And Share of LIBOR – Tired Products.
Chart 26: Merger Activity of US Banks.
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