IFRS

What to consider when granting payment holidays under IFRS 9 — impact on ECL

In my previous article, I discussed the accounting considerations when assessing whether or not a substantial modification exists regarding COVID-19 measures taken by lenders, such as payment holidays or moratoria. As promised, in this article I will explore the impact of these measures on the expected credit loss (ECL) model in more detail. As communicate […]
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Impact of COVID-19 on real estate companies: accounting implications

The COVID-19 pandemic and subsequent lockdowns significantly impacted the global economy, with shockwaves still being felt around the world. Some of the most affected organizations are in real estate, with potentially long-term consequences due to their geographical region or asset class. This article will guide you through the main accounting implications fo […]

Financial reporting in the aftermath of Covid-19

Covid-19 continues to significantly impact the global economy. As local markets start back up and businesses resume their activities, the challenge emerges of assessing, quantifying and disclosing the pandemic’s actual impact on financial statements. In this blog article, we have gathered some relevant insight on how to prepare your financial statements in […]
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How Covid-19 impacts interim financial statements?

Our Covid-19 financial reporting resource centre provides guidance on a broad range of financial reporting topics impacted by the Covid-19 outbreak. It covers both annual and interim financial statements. What’s the issue? For calendar year end companies, the 2020 interim reporting period will be the first reporting period when the impacts of the Covid-19 co […]

IFRS 16: understanding the principles of lease terms

While they might look straightforward at first, all new IFRS® Standards require a certain level of interpretation and judgement that give way to challenges and questions. IFRS 16 is no exception and its lease term assessment is a great example. Of course, as you might already suspect, simple contractual arrangements are not always the best answer when it com […]
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IFRS 15 and COVID-19: don’t roll the dice on revenue estimates (Part 2)

In my last blog, we discussed how the coronavirus outbreak impacts contract modifications and the existence of a customer contract. As promised, in this article we will take a closer look at how to deal with revenue estimates and revenue related assets in light of the current pandemic. Variable consideration The first thing that comes to mind when thinking of […]
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