Accounting for termination benefits and other accounting impacts of COVID-19
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
Financial Inspector Report Calculating Balance
Resources

Accounting for termination benefits and other accounting impacts of COVID-19

Jun 17, 2020 · 178 KB Download

Resource

available

When entities change the composition of their workforce there are potential accounting consequences which may not always be considered when changes are made. Whether adding employees or expanding benefits available or reducing workforce, there are issues which need to be considered. Within this report we focus on a handful of these areas including:

  • Accounting for new or modified employee benefits, including sick time and compensated absences

  • Termination and other postemployment benefits, which fall into four distinct groups for accounting purposes

  • Contractual termination benefits

  • Special termination benefits

  • Other postemployment benefits

  • One-time termination benefits

Download the Accounting for termination benefits

File name: accounting-for-termination-benefits-and-other-accounting-impacts-of-the-coronavirus-20200617.pdf

What did you think of this?

Every bit of feedback you provide will help us improve your experience

What did you think of this?

Every bit of feedback you provide will help us improve your experience

Related content