Was your firm or your client affected by the COVID-19 pandemic? With the onset of the COVID-19 virus and the shutdown of the worldwide economy Congress authorized Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program loans. The SBA recently announced they will be auditing loan recipients to determine if they had damages related to the pandemic. Companies that want to file insurance claims will also need to document their damages. This webinar is designed to review the steps for calculating damages with an emphasis on damages related to the COVID-19 virus and economic shutdown.
Publication Date: August 2020
Designed For
CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Economic Damages
- Damages related to the COVID-19 virus and economic shutdown
- Paycheck Protection Program
- Business Valuations
- Standards of Value
- Common Valuation Approaches
- Bankruptcy
- Accountants Roles
- Insolvency
- Reorganization
Learning Objectives
- Identify and assess damages associated with the COVID-19 pandemic
- Recognize methods and factors for valuing a closely held business
- Differentiate types of bankruptcy
- Recognize which valuation approaches is based on the sales price of the subject or similar businesses
- Identify which documents you must show to prove a loss
- Describe premise of value
- Identify elements of a business valuation
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.