Some Practical Financial Reporting (IFRS) Assessment Aspects Of The Covid-19 Impact on Business

Generally, the covid-19 pandemic has a great impact on all big, small and medium-sized business over world. There are analyzed International Financial Reporting Standards (IFRS) practical issues that should be considered addressed by top management. These financial key include discussing following: IFRS 9-Financial Instruments, IAS 36 Impairment of Assets, 1, 2, ISA 570 (revised) -Going Concern . The Review Inventory, Fixed instruments, also Going at entity level must assessed in detail other difficult circumstances; Keywords: , Covid-19 Impact, Impairment, Expected Credit Loss (ECL), NRV, ISA, Concern.