“It was interesting to learn about blockchain and the use of data analytics.”
Mike Bilby, CPA, CVA
Concannon Miller & Co. PC
There is essentially no guidance from the Financial Accounting Standards Board that exactly fits the terms and conditions of federal Paycheck Protection Program loans. To address this gap, the AICPA’s Center for Plain English Accounting published “Accounting in the Fog of War – Treatment of PPP Loans.”
Allison Henry, PICPA vice president of professional and technical standards, provides a video update and guidance on recent lease accounting, revenue recognition, and ethics announcements related to COVID-19 from the FASB and AICPA.