10 August 2020
It’s quite clear that coronavirus is a devastating, exceptional and extraordinary worldwide event which will have a significant financial impact on many entities.
The financial reporting implications under IFRS of coronavirus, together with the Government support, could prove challenging.
In addition to our Coronavirus and FRS 102 articles, our IFRS guide provides analysis of the financial reporting implications on a number of areas detailing:
- what EU-adopted IFRS says;
- the practical impact and interpretation for preparers of financial statements; and
- our advice to entities.
Whilst the articles included in this downloadable IFRS guide will inform accounting work they have been written in the generality – each entity will have unique issues which must also be considered.