Accounting Considerations in the COVID-19 Recovery Economy

2020 Accounting & Auditing Standards Webinar

Wednesday, September 16th, 2020

As our focus shifts to the restart economy and how to successfully navigate the road ahead, assurance thought leaders Tom Groskopf and Matt Rosen take an in-depth look at the latest changes and what they mean for the future of accounting and auditing.

In this 90-minute virtual session, Tom and Matt covered:

  • Accounting and financial reporting considerations resulting from the COVID-19 economy
  • Accounting alternatives for loans obtained through the Payroll Protection Program (PPP), and why debt accounting may not be preferred
  • Updates of the accounting standards for revenue recognition and leases

About the Speakers

Tom Groskopf is the assurance service line leader for Barnes Dennig. He has trained over 200 CPA firms on the new accounting standards for revenue recognition, leases, and financial instruments. Accounting Today named Tom to the list of the Top 100 Most Influential People in Accounting. He serves as Technical Director for the AICPA’s Center for Plain English Accounting, a national A&A technical resource center. In addition, Tom is a founding member of the Private Company Council and the US representative to the International Financial Reporting Standards’ Small- and Medium-sized Entity Implementation Group. Tom previously served on the advisory-only FASB private Company Financial Reporting Committee, and served a three-year term on the AICPA’s Technical Issues Committee.

Matt Rosen leads the assurance group of the firm’s manufacturing client service team, and serves on the firm’s Assurance Quality Control Committee. His technical knowledge, attention to detail, and leadership skills make him an asset to Barnes Dennig’s clients and staff. He has considerable experience with audit and tax engagements, as well as accounting projects of varying scopes, and he has served a leadership role within the firm since early in his career. His role is integral to ensuring the firm delivers assurance services of the highest quality and he is active in multiple process improvement initiatives within the firm.

This event is presented free of charge by Barnes Dennig.