Hot Topic | March 2020
The economic and financial markets effects of the COVID-19 outbreak may have a number of impacts on companies’ accounting for arrangements with customers. This article addresses how uncertainties in customer demand and the disruption to supply chains, manufacturing and workforce capabilities may impact companies’ revenue and inventory accounting.
Applicability
Relevant dates
- Effective immediately
Report contents
- Variable consideration
- Customer credit risk
- Contract modifications
- Stand-alone selling prices
- Inventory
- Contract costs
- Other customer incentives and estimates
- Disclosures
- Subsequent events
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