Financial Reporting and the Impact of COVID-19

WHAT YOU WILL LEARN

By the end of this event the attendee should:

• Understand the impact of the COVID-19 global pandemic on financial reporting;
• Know what to look out for when preparing financial statements;
• Know how to account for “loss events” and other consequences;
• Feel more comfortable dealing with those aspects that could have an impact on financial reporting. 

DESCRIPTION

Accountants are aware of the fact that the COVID-19 global pandemic is likely to have dire consequences for many entities, the latter of which could, of course, be their clients or employers. 

Which financial reporting standards should be considered? Are these entities still a going-concern? How does COVID-19 impact their financial reporting? What should be disclosed in the notes to their financial statements?

The webinar will highlight a range of accounting considerations that should be borne in mind by all accountants when preparing interim and/or annual financial statements that fully comply with International Financial Reporting Standards (IFRS or IFRS for SMEs). 

PRICE

The following pricing apply:
Ad hoc: R475.00
Subscription: N/A

CONTENT

Study unit 1

Introduction. 

Study unit 2

Impact of the COVID-19 pandemic in relation to:

• IAS 10 Events After the Reporting Period. 
• IAS 1 Presentation of Financial Statements.
• IAS 12 Income Taxes.
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets. 

Study unit 3

Other effects of the COVID-19 pandemic.

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.