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3 Considerations When Using Forecasts to Assess Impairment Amid COVID-19
Posted by Melissa Henry on Wed, Sep 9, 2020 @ 05:15 PM

The dog days of summer generally mean that the annual budgeting process is about to be upon many entities. However, you may feel as if your organization has been in perpetual re-forecast mode for most of 2020. Feeling stuck in re-forecast mode complicates future year planning, loans and capital assistance considerations, and implementation timing of long-term strategies. It can also affect some elements of accounting that will be important for your 2020 financial statement audit.

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Topics: internal control, impairment testing, COVID19, Coronavirus, cash flow

10 Considerations for Your Response to COVID-19
Posted by Chrissy Hammond on Mon, Apr 6, 2020 @ 10:19 AM

Turbulence in financial markets has further compounded as business operations encounter interruptions from the COVID-19 virus. While monitoring for the long-term financial ramifications from the pandemic, leaders also face challenges with day-to-day functions like managing employee headcount and ensuring their remote workforce can securely access company systems. The following considerations may help ensure your organization is responsive to the uncertainty caused by the COVID-19 pandemic.

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Topics: COVID19, Coronavirus, cash flow, supply chain

The 13-Week Cash-Flow: An Important COVID-19 Survival Tool for Your Business
Posted by Chrissy Hammond on Tue, Mar 31, 2020 @ 06:00 PM

Business disruption often shows up quickly in your organization’s cash flows. The wide-ranging repercussions from the COVID-19 pandemic have taken a dramatic toll, and your organization will likely feel a financial impact to some degree. 

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Topics: COVID19, Coronavirus, cash flow, TWCF

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