Mike Muscatello, Bill Foote, and Nicole Mitchell hosted a webinar navigating the COVID-19 legislation relief programs. The first webinar in our two-part series on this topic, this presentation covered the Families First Corona Virus Relief Act (FFCRA) and Paycheck Protection Program (PPP). Our experts explained how the provisions in the FAR may impact management decisions amid the pandemic, and hold a Q&A session on the potential treatment of accounting and billing.
Participants gained a thorough understanding of key aspects of these relief programs, including:
-How and “where” the FAR impacts the treatment of relief programs
-How to record and account for credits FFCRA
-PPP and loan forgiveness impacts on accounting for and billing of costs
-Potential impacts on indirect rates
-Stay tuned for more information about Part 2 of this series, which will cover Section 3610 of the CARES Act.