Synopsis:
The recent introduction of new baseline and additional reciprocal tariffs by the US has raised concerns about shifts in the global trade landscape. These changes could significantly affect business operations and financial reporting. How would your financial statements be impacted?
In this session, we will look into the effects of US tariffs on businesses - increased costs, potential sales reduction, and changes to business plans. We will also discuss resulting key accounting considerations such as going concern assessment, asset impairment, onerous contracts, expected credit loss and fair value measurement.
Intended For:
Competency Mapping:
CPE Category 1 = 0.5 CPE Hour
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