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Saturday, April 18, 2020

COVID 19 an Unprecedented Event: Impact on Financial Statements 20 April 2020










COVID 19 outbreak has spread across almost all countries and has impacted businesses worldwide. The effect for some of the businesses could be more than just temporary.









Companies globally and across industries will have to go back to the drawing board, review and realign their business strategy and outlook in light of the extraordinary event. Most businesses will need to review their projections for the next 12 to 24 months and for many, the business model may require to be re-looked at - the impact will to flow down to the financial statements!





The interactive webinar will highlight the following major areas impacting the financial statements along with the practical challenges with addressing these issues:





- Carrying value of tangible and in-tangible assets
- Carrying value of inventories
- Financial instruments
- Financing contracts (including debt and equity)
- Lease arrangements
- Revenue recognition
- Other areas including going concern, borrowing costs, deferred taxes etc.





Register @ https://zoom.us/webinar/register/WN_tsU6tgu_SkKpx2RFTAgv6g





Disclaimer:-





This content is intended to provide educational information only. This information should not be construed as individual or customized legal, tax, financial or investment services. As each individual’s situation is unique, a qualified professional should be consulted before making legal, tax, financial and investment decisions.






The educational information provided in this article does not comprise any course or a part of any course that may be used as an educational credit for any certification purpose and will not prepare any User to be accredited for any licenses in any industry and will not prepare any User to get a job. Past results are not a guaranty of future performance.


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