This In depth considers the accounting and reporting impacts of Covid-19. There are broad IFRS implications, including impairment and valuation of assets (financial and non-financial), liability recognition and measurement, and disclosure, as well as narrative reporting considerations. There may also be an on dividends and other distributions.
The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues that arise during the reform of an interest rate benchmark. See our In brief for the details.
We provide an overview of the new definition of a lease in IFRS 16 and the key issues to consider.
PwC's Sandra Thompson and Mark Randall highlight the key issues of IFRS 9 impairment requirements.
This video discusses how to assess a significant increase in credit risk under IFRS 9.
We take a look at the effects of taking bearer plants out of IAS 41 and into IAS 16.