In this presentation, our presenters discuss:

• PPP Recap – How to account for loan forgiveness
• Going Concern considerations – What does this mean and what is management required to do
• Asset impairments  – When an impairment analysis is required and how to account for it
• Debt modifications – Difference between debt mod and reconstructing and how to account for them
• Lease concession and modifications – What are these and how to account for them
• 606 impacts from COVID-19 – High level overview of items you may need to reconsider

As an avid reader of technical accounting literature, Mark has a passion for the accounting profession and teaching others. He has led multiple internal and external trainings and has presented in multiple firm and third party sponsored webinars.

Mark serves on the board of Cornerstone Montgomery, a local nonprofit organization whose mission is to empower people living with mental health and substance use disorders to live, work, and integrate successfully within the community.

Education:  B.S. degree in accounting, California State University Northridge

David Semendinger, CPA, is the practice lead for both Aronson LLC’s Quality Control Group and Assurance Services Group. With more than 30 years of public accounting experience, David’s proactive approach to client service is the foundation of his strong business relationships.

David has extensive experience in the areas of financial reporting and financial and operational controls, and his expertise extends to complex revenue recognition issues, equity and debt financing transactions, business combinations and related issues. He has managed numerous audits, reviews, and compilations for a diverse set of companies, including those with annual revenues exceeding $1B. In addition, he has experience in the planning, documentation, and testing of management’s assertions on the effectiveness of internal controls (SOX 404 compliance).

• what you need to do as part of the evaluation of your organization’s standing as a going concern
• how to evaluate if organization assets have been impaired as a result of covid19 or other factors.
• other common accounting impacts arising from covid19 environment.