A two-part CPEA series
Resources
Accounting treatment of PPP loans
Jul 01, 2020 · 304.8 KB Download
FIRM MEMBER
EXCLUSIVE
Resource available
Accounting considerations for PPP loans have evolved from when they were first issued. The first part of this series covers the initial CPEA thoughts on accounting considerations related to PPP loans and introduces the four methods of accounting for the loans under US GAAP:
FASB ASC 958-605 government grant model
IAS 20 model on government assistance
FASB ASC 470 debt model
FASB ASC 450-30 gain contingency model
In addition to covering the accounting models this report
Download the Initial CPEA PPP loan accounting report
File name: CPEA-fog-of-war-PPP-loan.pdf
Download the Timing and manner of derecognition report
File name: CPEA-derecognition-PPP.pdf