Overview

Can we apply the same procedures when, as a result of Covid-19, there are lockdowns, lower economic activity, economic downturn, government relief programmes, etc? Which accounting standards should we focus on? What are the financial reporting implications of Covid-19? 

This webinar helps you answer all these questions, using practical examples. 
The most obvious impacts of Covid-19 are on the impairment of assets - both non-financial assets, such as goodwill, intangible assets, property, plant and equipment and inventories; and financial assets such as trade receivables and loans. But there are many more accounting implications, such as those related to government grants, leases, deferred tax assets, provisions, fair value measurement, revenue, and how it has also affected presentation and disclosure requirements. 

Speaker - Gabor Balazs

Gabor has been a PwC Academy Partner for nine years, leading the Accounting Advisory Services and PwC Academies in CEE/CIS, supporting large clients in the regions for capital market transactions, complex accounting matters and transition to new accounting.

He is also an IFRS technical partner covering 29 countries from Central and Eastern Europe and Asia, his specialisations include deferred taxes, revenue recognition, and financial statement presentation. He is the co-author of the PwC IFRS Manual of Accounting (Deferred Tax Section) and he delivers IFRS trainingacross CEE and CIS.

He is a champion in digital education, his vision beingto make accounting knowledge available for all using new technologies like Augmented Reality, Virtual Reality and even blockcert/blockchain.

Gabor gained his ACCA qualification in 2003, and is an active ACCA International Assembly member and ACCA Corporate Reporting Global Forum member.