CA Sapna Ghelani (Chartered Accountant) (7550 Points)
06 March 2021In the scenario of COVID-19 there are significant uncertainties about the future economic scenario. How does an entity determine whether it is still a going concern? What disclosures are required to be made in the financial statements in this regard?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 06 March 2021
Mainly related issues would be
obsolete inventory- check disclosure
PPE impairments- check disclosure requirements
Financial instruments trading losses- check disclosure requirements
impairment of receivables- check disclosures
all the disclosures are available online or icia website.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 March 2021
Hitesh
(Student)
(3549 Points)
Replied 07 March 2021
CAclubindia
