Objectives
After completing this course, students will be able to identify and recognize:
- eligible expenses related to use of PPP loan proceeds
- approaches to account for PPP loans under GAAP, including debt issuance costs, loan forgiveness, gain on debt extinguishment, and other items
- tax treatment for PPP loan forgiveness
- CPA independence issues with receiving agent fees from PPP lenders
- requirements for an emphasis-of-a-matter paragraph in an auditor's report
Tax Year: 2020
Designed For:
Managers, executives, accountants, finance professionals, and other stakeholders
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA)
as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
State boards of accountancy have final authority on the acceptance of individual courses
for CPE credit. Complaints regarding registered sponsors may be submitted to the National
Registry of CPE Sponsors through its website: www.nasbaregistry.org.
For more information regarding WebCE administrative policies such as refunds, cancellations
and concerns, please contact Support Services at 877-488-9308.