Abstract:
Loss of key markets and clients, decrease of revenue and employees, significant reduction of cash generating asset's value, delayes in production and service providing, unfavorable fluctuations in exchange rates and other significant factors caused the need of adjustments in financial statements. Such adjustments provide users of financial statements with transparent and useful information about going concern issues, material changes in supply-demand chain, current state and expected growth of credit risk and other uncertainties related to business activity.
In decision making process by financial information users, it is important to consider results of change in fair value measurement methods caused by pandemic, restrictive actions taken by regulatory bodies and company restructuring
Description:
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