The Coronavirus and Accounting Implications

• In Event: Student Track: Accounting and COVID-19

Abstract

Abstract: Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) is the official name for the virus that is responsible for the global pandemic still happening in the United States and all over the world. In simpler terms Coronavirus (Covid-19) started in China and spread all over the world in a matter of months. It hit the United stated as early as December 2019. In March 2020, a law called the Coronavirus Aid, relief, and Economic Security Act (CARES Act) was passed to try and help people and business get through this pandemic taking place.
There are many sections in the CARES Act but three that are particularly important to the economy of the United Sates are the Keeping American Workers Paid and Employed Act, Assistance for American Workers, Families, and Coronavirus Relief Funds.
Key Words: Coronavirus; United States; CARES Act; PPP Loans; stimulus check; tax law; Keeping American Workers Paid and Employed Act; Assistance for American Workers; Business Provisions; Coronavirus Relief Funds.

Author

• Allison Guevara, Texas A&M University- Central Texas