India covid-19 information Government India

Opinion | Challenges in reporting amidst covid-19 linked uncertainties

Reading now: 832
www.livemint.com

> Ability of the company to reliably quantify the income and expenses that relate to covid-19> Manner of disclosure of the quantifiable impacts in the construct of the financial statements> Extent of information that should be included in the notes to the financial statements and outside, to provide sufficient and high-quality disclosure of these impacts on the company’s performance, position and prospects.In determining the company’s ability to reliably quantify impact, consideration should be given to only those incomes and expenses that are incremental and directly attributable to covid-19.

Therefore, items of costs such as rent and utilities, or depreciation on idle facilities due to temporary closure, or payroll for idle employees.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA