The COVID-19 outbreak has developed rapidly in 2020, with a significant number of infections. Measures taken to contain the virus have affected economic activity, which in turn have implications for financial reporting. Actions taken in response to the spread of Covid-19 have resulted in significant disruption to business operations and a significant increase in economic uncertainty, with more volatile asset prices and currency exchange rates, and a marked decline in long-term interest rates in developed economies.

In this workshop we look at this impact in depth learning about the IFRS Updates and amendments. How are entities incorporating the impact of COVID-19 and measures such as lockdowns, social distancing, lower economic activity, economic downturn, government relief programmes? How will it affect existing accounting classification, measurement techniques, estimates and judgements? Which accounting standards should we focus on? What are the financial reporting implications of COVID-19? The implications, including the indirect effects of lower economic activity, should be considered by all entities, not just those in the territories or industries most significantly affected by COVID-19.

Who is this Workshop for?

• • Professionals using IFRS/IAS in their work.
  • Professionals preparing Financial Statement of entities.
  • Candidates working on Research Projects for ACCA-OBU Program.
  • Candidates working on Coursework for UOL MSc Program.

• • Key financial reporting challenges and implications from Covid-19.
  • Understanding the Impact of COVID19 on reporting.
  • Key Standards that are a focus for reporting during COVID19.
  • Essential knowledge about financial reporting issues under IFRS as a result of COVID-19 or any other crisis situation.

• • Enhance your project research with the information you gain in this workshop.
  • Gain expert insight into the industry of automotive and the trends in this segment.
  • Meet the expert on Accounting Standards and ask your queries regarding the industry.

Certificate of Attendance will be awarded on successful completion of the workshop