Accounting and Disclosure Issues After a Natural Disaster

Overview

The repercussions from a natural disaster can be devastating. Properly accounting and reporting for the impact of those disasters can be confusing. This course will focus on some of the most FAQ related to the proper treatment of accounting for disasters in GAAP basis financial statements.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

• Current and noncurrent asset impairment.
• Insurance claims and related recoveries.
• Debt and liquidity issues.
• Government assistance and relief.
• Subsequent Events.
• Lease modifcations.
• Other matters.

Prerequisites

None

Designed For

Accountants and financial professionals who need to understand how natural disasters and related insurance claims affect their assets.

Objectives

After attending this presentation, you will be able to...

• Recall evaluating long-lived assets for impairment.
• Recognize unique valuation considerations with customer receivables and inventory.
• Assess accounting and disclosure considerations related to insurance claims.
• Recognize other matters, such as lease terminations, debt compliance and more! 

Preparation

None