Impact of Covid-19 on the Preparation of US-GAAP Financial Statements and Valuation Differences to HGB/UGB
Name:
Impact of Covid-19 on the Preparation of US-GAAP Financial Statements and Valuation Differences to HGB/UGB
Date:
November 5, 2020
Time:
11:00 AM - 12:00 PM EST

Event Description:
The COVID-19 pandemic continues to have serious economic implications for numerous sectors of the economy. The long-term economic and business consequences remain unknown. Among the many consequences of COVID-19, entities will face unique accounting and financial reporting implications and challenges. Impacts such as business and production disruptions, supply-chain interruptions, negative impacts on customers, volatility in the equity and debt markets, reduced revenue and cash flows, and other economic consequences may occur. This webinar provides succinct reminders to companies about some accounting considerations under accounting standards generally accepted in the United States of America (“US GAAP”) that have increased importance and risk in the current environment.
We will discuss topics such as asset impairments (including impairment tests), inventory valuation considerations, impacts on revenue recognition, financial statements disclosures, etc. The webinar will also outline the financial reporting options for treatment of a Paycheck Protection Program (“PPP”) loan, including anticipated forgiveness. This webinar will draw your attention to accounting issues that need to be considered in the coming weeks to avoid any delays (and unwanted surprises) in the financial reporting and close process. Major differences in accounting standards between US-GAAP and the German HGB as well as to the Austrian UGB will be discussed, as well as which differences are more likely to appear in financial reporting for 2020.
Meet the Speakers:
Please register here.
We will discuss topics such as asset impairments (including impairment tests), inventory valuation considerations, impacts on revenue recognition, financial statements disclosures, etc. The webinar will also outline the financial reporting options for treatment of a Paycheck Protection Program (“PPP”) loan, including anticipated forgiveness. This webinar will draw your attention to accounting issues that need to be considered in the coming weeks to avoid any delays (and unwanted surprises) in the financial reporting and close process. Major differences in accounting standards between US-GAAP and the German HGB as well as to the Austrian UGB will be discussed, as well as which differences are more likely to appear in financial reporting for 2020.
Meet the Speakers:
![]() |
Erik Elkins
Partner, CPA
Rödl & Partner- Birmingham
|
|
![]() |
Christopher O'Neal Partner, CPA Rödl & Partner- Atlanta |
Hier können Sie weitere Informationen über die einzelnen Formate finden:
Networking Events
Wir bieten Ihnen verschiedene Möglichkeiten Ihr Netzwerk zu erweiteren. Von exklusiven Networking Veranstaltungen in kleiner Runde bis hin zu Gala Dinnern mit über 300 Teilnehmer geben wir unseren Mitgliedern die Möglichkeit sich auszutauschen und wirtschafltiche Einblicke zu erlangen. So kommen zwei mal im Jahr unsere Mitglieder für unsere Galaveranstaltungen zusammen. Unser alljährliches “Spargelessen” findet im Mai statt, zu dem wir deutschen Spargel und deutschen Wein einfliegen lassen. Im November feiern wir unsere Herbstgala, zusammen mit der Vergabe unseres Newcomer of the Year Awards.