How to Account for Forgivable Loans Under the Paycheck Protection Program (PPP)

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief for certain qualified entities in the form of guaranteed loans offered under the Paycheck Protection Program (PPP).

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CECL – Accounting Standards Codification Topic 326, Financial Instruments – Credit Losses

The adoption of the Current Expected Credit Losses, or CECL, took effect for calendar year Public Business Entities (PBEs) on January 1, 2020.

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Accounting Considerations During Uncertain Economic Times

We at CFGI hope everyone is staying healthy and safe.

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