Dean of Nottingham University Business School at the University of Nottingham Malaysia, Dr Lau Chee Kwong, will be conducting a webinar organised by the Malaysian Institute of Accountants (MIA) on Thursday 30 April 2020 from 2pm to 3pm. He will be discussing Accounting Considerations of the Covid-19 Pandemic and Economic Recession.
Covid-19, which started out in January, quickly evolved into a pandemic in March 2020. Now with most world economies at a standstill, a major economic recession is expected to follow.
Dr Lau’s webinar provides a quick overview of the accounting considerations needed for preparation of financial statements during and post pandemic and the consequential economic recession.
“As an accounting academic, I am glad to be able to serve my professional community during this difficult period by providing them an insight to some accounting considerations during this time as well as in the post pandemic period and the consequential economic recession,” says Dr Lau.
“At the Business School, we believe that in such times, higher education institutions are in a good position to give back to the community by communicating their expertise to industry professionals, and we look forward to further such contributions to help society cope with the new normal.”
Among the topics that Dr Lau would cover include the impairment of assets (PPE, inventories, etc), impairment of financial assets (expected credit loss), government grants, onerous contracts and other provisions, re-assessment and modifications of lease contracts, fair value measurement, other accounting estimates and measurement uncertainties, as well as the issue of growing concern.
This online webinar is organised by the Malaysian Institute of Accountants (MIA) and is complimentary for all MIA members.
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Notes to editors: The University of Nottingham is a research-intensive university with a proud heritage, consistently ranked among the world's top 100. Studying at the University of Nottingham is a life-changing experience and we pride ourselves on unlocking the potential of our 44,000 students - Nottingham was named both Sports and International University of the Year in the 2019 Times and Sunday Times Good University Guide, was awarded gold in the TEF 2017 and features in the top 20 of all three major UK rankings. We have a pioneering spirit, expressed in the vision of our founder Sir Jesse Boot, which has seen us lead the way in establishing campuses in China and Malaysia - part of a globally connected network of education, research and industrial engagement. We are ranked eighth for research power in the UK according to REF 2014. We have six beacons of research excellence helping to transform lives and change the world; we are also a major employer and industry partner - locally and globally.
Posted on 29th April 2020