Accounting for PPP Loans – Conditional Contribution Model
Professional Insights
public
Currency:
Cart
searchSearch
search
burger
  • Home
Advertisement Feature
Professional Insights

Accounting for PPP Loans – Conditional Contribution Model

Apr 14, 2021 · 12 min watch

Resource

available

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

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

Mentioned in this article

Topics

Subtopics

Manage preferences
Advertisement Feature

Related content