Accounting for Coronavirus: IFRS

by Wayne Bartlett

What are the financial reporting implications of the COVID crisis? This course outlines the issues in reporting on companies' financial performance during and after the pandemic and is essential reading for anyone involved in financial reporting.

This course is not currently available

This course will enable you to

  • Understand the financial reporting implications of the COVID-19 pandemic
  • Provide for appropriate adjustments and impairments for non-financial assets
  • Understand the implications for revenue recognition of contract fulfilment and payment difficulties
  • Set up appropriate provisions and contingencies and account for employee benefits and termination payments
  • Make appropriate provisions for the late or non-payment of debt and revaluation of financial assets
  • Understand the repercussions of other key issues including going concern, post balance sheet events and deferred tax assets

About the course

The COVID-19 pandemic has had a devastating global impact. Its profound public health, societal and economic repercussions are likely to be with us for some time to come. But what are the financial reporting implications of the crisis?

Looking in turn at non-financial assets, revenues and grants, provisions and employee benefits, financial instruments and other issues including the crucial concept of going concern, this course outlines the issues in reporting on companies’ performance during and after the pandemic.

Look inside

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Contents

  • Non-financial assets
    • The financial effects of COVID-19
    • The importance of non-financial assets
    • Tangible assets
    • Tangibles and COVID-19
    • Intangible assets
    • Intangibles and COVID-19
    • Investment property and COVID-19
    • Inventories
    • Inventories and COVID-19
    • Who should be worried?
  • Revenue
    • The impact on revenue
    • Revenue from contracts with customers
    • Revenue from contracts and COVID-19
    • Getting to know government grants
    • Government grants and assistance
    • Grants, assistance and COVID-19
  • Provisions and employee benefits
    • Provisions and contingencies
    • Provisions, contingent assets and contingent liabilities
    • Contingencies and COVID-19
    • Employee benefits
    • Accounting for employee benefits
    • Employee benefits and COVID-19
  • Financial instruments and other areas
    • The importance of financial instruments
    • Financial instruments
    • Financial instruments and COVID-19
    • Going concern
    • Other issues and COVID-19
    • Post balance sheet events

How it works

Author

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.

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This course is not currently available. To find out more, please get in touch.