General Financial Reporting Update June 2020 Webinar - Part one

26 May 2020

30 June 2020 is fast approaching, many aspects of an entity’s financial reporting will be significantly affected by the corona virus outbreak.

The assessment of going concern and impairment of asset models needs to incorporate unprecedented shocks to forecasts. The decrease in asset values, decline in demand for goods and services and supply chain disruptions may be dissimilar to any previous encountered ‘real world’ scenario, making forecasting difficult.

The key areas of impact from COVID-19 that you need to consider are:

  • Going concern determination
  • Impairment of assets
  • Recognition of provision
  • Renegotiating convertible notes
  • Fair value measurement

This accounting update, run by BDO IFRS Advisory experts Wayne Basford and Susan Oldmeadow-Hall, will assist you in preparing your 30 June 2020 year-end and half-year accounts.

Find Part Two here: