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The COVID-19 pandemic has affected many entities. We wanted to know more details about the financial reporting impacts from the past six months, so Connor Group’s Technical Accounting team conducted targeted research to explore how public entities disclosed the pandemic’s effect on key metrics thus far. In our new Disclosure Discoveries document, we reviewed over 250 public entity financial statements across various industry sectors, and market capitalizations.
Our team analyzed and summarized the effects that entities disclosed on revenue, expenses, liquidity and cash flow management, allowances for credit losses, and impairment of goodwill, intangibles, and long-lived assets. We also included considerations for future reporting periods as the effects of COVID-19 continue to develop.
What we discovered comes to you in bite-sized chunks of data for easy consumption! Access your copy of, “Connor Group Disclosure Discoveries – Financial Reporting Impacts of a Global Pandemics: Findings from the First Six Months of 2020” click here.