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  • Accounting for loan renegotiations, government stimulus measures and impairment testing

Accounting for loan renegotiations, government stimulus measures and impairment testing

Date: Wednesday 10 February 2021
Time: 12pm - 2pm

BDO New Zealand
Virtual Workshop  
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James Lindsay
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  • Summary

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Be COVID-19 prepared for 31 March 2021

The 2019 novel coronavirus (COVID-19) outbreak poses a serious public health threat. It is interrupting the movement of people and goods throughout the world, and many levels of governments are implementing restrictions on individuals and businesses. These actions are likely to have a devastating impact on the global economy and many businesses, which will have a flow-on effect to 31 March 2021 financial statements.

This hands-on masterclass series will have you ready to prepare 31 March 2021 financial statements reflecting the impact of COVID-19.

Presented by BDO’s NZ IFRS Advisory experts and using multiple practical case studies, it will assist you to develop an approach to follow when your organisation is preparing 31 March 2021 financial statements and set you on a path to be ‘audit ready’.

Session 1: NZ IFRS 9, NZ IAS 36 and NZ IAS 20

Through the use of multiple practical case studies and interactive activities, attendees will gain an in-depth knowledge of accounting for:

  • Modifications of financial assets and liabilities, including renegotiated repayment terms on loans
  • The impact of COVID-19 on accounting for trade receivables and ECL balances
  • Impairment testing of non-financial assets, including right-of-use assets
  • Government Support payments and other government stimulus


This interactive workshop is ideal for

  • Financial Controllers
  • Finance Managers
  • Accountants
  • Auditors
  • Those involved in any aspects of financial or corporate reporting

What we will cover

In this interactive workshop you will learn how to appropriate account and consider the impact of COVID-19 for:

  • Trade receivables and the ECL allowance
  • Renegotiations of financial liabilities such as bank loans
  • Renegotiations of financial assets such as related party loan receivables
  • Financial guarantee contracts
  • Impairment testing of non-financial assets under NZ IAS 36, including right-of-use assets
  • Government Support payments and other government stimulus

What you will receive

By attending this workshop you will receive:

  • A participants workbook with practical case studies (prior to the commencement of the session)
  • A solutions workbook (after the workshop)
  • Presentation slides (after the workshop

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