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January 15, 2021 Article 10 min read
Download our fourth quarter 2020 update for an overview of important activities for private companies.
Business people meeting.

This update provides a summary of some of the more important fourth quarter 2020 accounting and financial reporting activities for private companies. The content is not meant to be all-inclusive.

Topics include:

  • Accounting guidance issued in fourth quarter 2020 
  • Paycheck Protection Program loans
  • Asset impairments
  • Lease accounting 
  • Reference rate reform
  • Standards effective calendar year 2020
  • Accounting guidance eligible for early adoption in calendar year 2020
  • Standards issued in 2020
  • Standards issued in prior years effective 2020 or after

Archived accounting updates for private companies: