With a particular focus on Directors, Chief Financial Officers and finance teams the BDO team discussed entities reported revenue and carrying value of its assets in financial statements being prepared for 31 March year ends, and year ends beyond, as they come under the microscope as a result of COVID-19.
- What financial statements need to reflect
- The areas of revenue recognition that are impacted
- How the impairment of assets may need to be (re)thought as a result of COVID-19
Use the knowledge and tools shared to apply to your business to assist in navigating the 2020 year-end financial reporting process, as well as the on-going accounting treatment in this new COVID-19 world.