EY Publishes Updated Guidance For Accounting Considerations Of The Coronavirus Pandemic

Accounting

EY, the Big 4 accounting firm, has published an updated version of their guidance for accounting considerations of the Coronavirus pandemic. The updated version provides considerations for the financial effects of the COVID-19 pandemic when preparing annual or interim IFRS financial statements in 2020.

The publication covers important accounting topics including Going concern, Financial instruments, Impairment, Income taxes, Insurance contracts, Leases, Provisions and Estimates, Fair value measurement, Revenue recognition, Inventories, Share-based payment along with other financial statement presentation and disclosure requirements.

Further information on the publication is available on EY’s website and it can be downloaded for free at the below link:

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