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Financial, Regulatory, and Reporting Issues in Coronavirus Recovery Webinar


Aug. 12
8:00 a.m. - 1:00 p.m.

CPE Credits



PICPA Member: $220 | Nonmember: $280

 More Information

Course No.
Coverage will reflect the most significant challenges that confront companies today and in the medium-term.


Receive an update on financial reporting risks for large, small, and medium sized companies as we emerge from the COVID-19 crisis and economic downturn it caused. Understand how corporate balance sheets have been damaged and how to rebuild them. Learn and apply the three-scenario approach to financial forecasting. Prepare to implement the major accounting guidance for write-downs and write-offs. Review required disclosures and financial reporting responsibilities for CPAs.


The medium-term outlook for business: staying on course in a turbulent economic environment. Banking and credit conditions, loans, receivables, and cash flow forecasting. Maintaining banking relationships and conserving cash flow. Debt restructurings and bankruptcy. Going concern, disclosing risks, and other uncertainties. Impairment testing for fixed and intangible assets, goodwill, and inventory write-downs. Accounting for loan modifications.


Dr. Ray Thompson, CMA, CFM, CBA

Dr. Ray Thompson is Emeritus Associate Professor of Accounting & Finance at the University of Pittsburgh. He served as department head at the UPJ campus for over 25 years. He was also Associate Director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups.

He has taught in graduate and undergraduate business programs in Europe, Africa and the US. He received his B.S. and M.S. degrees in Economics and Systems Dynamics from the University of Bradford in the United Kingdom, his M.B.A. in Accounting from Xavier University of Ohio, and his Doctor of Business Administration from Nova University. Ray is also certified in Financial Management and is a Certified Management Accountant and Certified Business Appraiser. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.

Ray is a professional educator and writer. He authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, State CPA Societies, and CPA firms throughout the US. In addition to these live seminars, he also produces both recorded and written courses for self study. He also provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. Ray was part of the George & Ray team which offered Accounting & Auditing courses for over 20 years.

Ray is a member of the Institute of Management Accountants and the Institute of Business Appraisers. He is also a faculty associate member of AICPA and PICPA, and is a member of the Financial Reporting Faculty of ICAEW. He lives in Bedford County, PA, and can be reached at (814) 839-0143 by phone or at


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