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Accounting and Financial Reporting in a Post-COVID Economy: Inflation, Interest Rates, and Recession #313625

Online Book, Online Exam

$45.00

Hardcopy Book, Online Exam

$57.00

Course Option

Clear

Credit

Amount

CPA

Course Author: Steven C. Fustolo Field of Study (CPA): Accounting and Auditing

Course Details, Learning Objectives, Table of Contents

Course Description

Course publication/revision date: This course was updated on 4/24/2025.

The objective of this course is to address the accounting and financial reporting for the current post-COVID economic climate including the effects of inflation, supply-chain shortages, rising interest rates, and other events affecting company financial statements for 2024 and 2025.

Topics include: Disclosures of risks and uncertainties related to supply-chain concentrations; going-concern reporting and disclosure issues; impairment issues related to goodwill and real estate; accounting for variable consideration revenue and onerous contracts; dealing with inventory costs and stock market and bond investment losses; collectability of trade receivables; exit and termination benefit obligations; contingencies, use of LIFO in an inflationary environment; and accounting and auditing engagement matters. The course also discusses the accounting for selected tax changes affecting 2024 and 2025 financial statements.