Who is responsible for making a going concern assessment?
11 mins
Coronavirus most impacted sectors
21 mins
Adverse Events Evaluation
38 mins
Mitigation Plans
54 mins
Course Description
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.
Learning Objectives
To evaluate the conditions and events, both positive and negative, that are relevant to the entity's ability to continue as a going concern
To identify the potential mitigating effect of management's plans that have been fully implemented as of the date that the financial statements are issued
To disclose the conditions or events that raised substantial doubt about the entity's ability to continue as a going concern, considering the potential mitigating effect of management's plans.
To review financial reporting issues that may arise due to economic conditions caused by the Coronavirus pandemic and discover ways to account for those financial reporting issues.
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.
About Presenter
Moataz Shokry, CPA
Chief Financial Officer, 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.
FAQ
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
Testimonial
3.5
(2)
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Lisa Diggs ,
Jan 31st 2021
Good content but a little boring- not many stories and presenter had camera turned off.
