September 15, 2020
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.
Certificate of Attendance will be awarded on successful completion of the workshop