Author SK - Radka Pirošová

IFRS Foundation published educational material to support companies in applying going concern requirements. In current pandemic, many entities face falling revenues and decline in their profitability and liquidity which raise the question about their ability to continue as going concern. Therefore, management needs to involve a greater deal of judgement as in preceding period that should

Coronavirus has brought a number of unexpected changes to our lives. Many of these changes have an impact on entrepreneurship, economy or the accounting itself. Our experts prepared a list of the most significant changes in accounting that the coronavirus entails. 1. Going concern Financial statements should be prepared on a going concern basis, unless management

Download PDF IFRS 16 replaces IAS 17Leases, for reporting periods beginning on or after 1 January 2019 and will end the practice of significant leased property assets being ‘off balance sheet’. Therefore, many companies are yet to adopt it. Find out with us the answers to the most frequently asked questions related to planned changes