BDO releases IFRB 2020/07 – Impairment Implications of COVID-19 (IAS 36)
01 May 2020
BDO has released IFR Bulletin 2020/07 – Impairment Implications of COVID-19. This is an external publication, which discusses the practical implications of COVID-19 on impairment calculations, including:
- When to test for impairment;
- How information obtained subsequent to period end should be treated; and
- How to reflect uncertainty arising from COVID-19 in discount rates and cash flows used in impairment calculations.
The publication may be accessed here.