COVID-19 - Accounting and reporting resource center

What CFOs and financial executives need to know about the financial reporting considerations and impacts

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The COVID-19 pandemic, coupled with the current stock market volatility, has created an economic environment likely to have significant accounting consequences. Our COVID-19 accounting and reporting resource center, and PwC's COVID-19 navigator, provides insights to help you navigate these uncertain times.

Accounting and reporting COVID-19 news we are following

Here's a selection of COVID-19 accounting and reporting news we're following from the standard setters and regulators. Receive this news along with our insights in your inbox each Friday by subscribing to PwC's Accounting weekly news.

4/28/20

FASB issues Q&A on hedge accounting related to the effects of the COVID-19 pandemic

On April 28, the FASB staff issued a Q&A document addressing the application of the cash flow hedge accounting guidance in ASC 815 to circumstances impacted by the COVID-19 pandemic.   

4/23/20

FASB proposes limited effective date delays of the revenue and leases standards

On April 21, the FASB issued an exposure draft that would defer the effective date of ASC 606, Revenue from Contracts with Customers, and ASC 842, Leases, for certain entities. Comments on the proposal are due by May 6.

Podcasts addressing COVID-19 and current market conditions

Listen in to our series of podcast episodes addressing frequently asked questions in accounting and reporting areas impacted by COVID-19 and the current economic environment, including fair value, goodwill impairment, CECL and market conditions.
 

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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