This In depth considers the impact of the new coronavirus (‘COVID-19’ or ‘the virus’) on the financial statements [for periods ended after 31 December 2019] of entities whose business is affected. There are broad IFRS implications, including impairment and valuation of assets (financial and non-financial), liability recognition and measurement, and disclosures.
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.