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India experts testing pandemic crisis India

Covid pandemic sparks wave of write-offs

India experts testing pandemic crisis
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pandemic causes uncertainty about sustaining cash flows, accounting experts said.Several companies are revisiting revenue and cash flow projections to ascertain the quantum of write-offs even as it is becoming evident that an economic recovery may be prolonged, they said.Since 2015, Indian companies have made 552 acquisitions of local and foreign firms valued at ₹6.48 trillion, according to data compiled by advisory firm Duff & Phelps.

The economic crisis is a litmus test for the value of these assets as any write-down will make balance sheets weaker without any change in liabilities; something that rating agencies and lenders will take note of.According to Indian Accounting Standard (Ind AS) rules on impairment of assets, businesses that.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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