Accounting for PPP Loans – Conditional Contribution Model
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Accounting for PPP Loans – Conditional Contribution Model

1 year ago · 12 min watch

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With many borrowers unsure of how to account for PPP loans, subject matter experts review one of the possible models available – the conditional contribution model. In this webcast, Chris Cole, Associate Director – Professional Development & Not-for-Profit Section, and Kari Hipsak, CPA, CGMA, Senior Manager – Firm Services walk through key considerations of this model, including:

  • Sample journal entries for PPP loan funding and PPP loan forgiveness

  • Requirements for timing of revenue recognition:

    • Barriers to entitlement

    • Right of return to provider is grant/contract provisions are not met

  • A look at disclosure information required for PPP loans, as any liability or debt instrument using the model

  • Reference information from FASB ASC 958-605

Download the Accounting for PPP Loans – Conditional Contribution Model

File name: accounting-for-ppp-loans-conditional-contribution-model.pdf

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