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What is Going Concern?3 mins
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Who is responsible for making a going concern assessment?11 mins
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Coronavirus most impacted sectors21 mins
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Adverse Events Evaluation38 mins
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Mitigation Plans54 mins
Published: January, 2021
Sadly, on March 12, 2020, WHO declared Coronavirus outbreak (COVID-19) a pandemic; since then, the virus is rapidly spreading around the world. Such unusual circumstances have its significant impact on global trade and business operations of various sectors such as reductions in sales, earnings, or productivity, closure of facilities and stores, inability to raise funds, increments in credit risk exposures, increased volatility in the asset's value, etc. Consequently, these challenges may raise financial reporting considerations for some entities when preparing their financial statements.
The level of uncertainty about the future economic outlook poses a significant challenge when making estimates and assessing a company’s ability to continue as a going concern. This course provides a reminder of the existing accounting requirements that should be considered when addressing the economic effects of the coronavirus pandemic when preparing financial statements, highlighting the going concern assumption.
The impacts of this pandemic are considered adverse events that shall be taken into consideration when assessing entities ability to continue as a going concern, and whether the going concern assumption is appropriate.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Certified Public Accountant (CPA), Massaleh Investment Co.
Moataz has over 15 years of accounting,
budgeting, auditing, consolidated financials, IFRS, US GAAP, and other aspects
of the financial field.
Moataz began his career as an external auditor
for a member firm of an international association providing audit &
assurance services worldwide, working with various clients in the education,
investment, automotive, constrictions, oil, and manufacturing sectors in the
State of Kuwait.
Since 2013, Moataz has held executive positions
in Kuwaiti stockbrokers' companies and investment groups.
Moataz gained his experience from solving
day-to-day work problems, helping entities implement proper accounting systems;
thus, he can support the theoretical topics with practical cases, allowing the audience
to realize the maximum benefit from attending his courses.
Moataz holds a bachelor's degree in Accounting
from Alexandria University, Egypt, certified in IFRS from the Association of
Chartered Certified Accountants, London, UK. Also, he is a Certified Public
Accountant (CPA) licensed in North Dakota, USA.
8 Ratings
MB
Jun 15th, 2021
The webinar broke down the topic into understandable pieces and had sufficient repetition and reinforcement to help remember the learnings. Case studies were very helpful.
LD
Feb 1st, 2021
Good content but a little boring- not many stories and presenter had camera turned off.
CC
Jul 23rd, 2021
The presentation was not what I expected. The presenter basically re-read the presentation. It was difficult to stay engaged with the course.
1 Credit
Subject Area
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