Abstract:
There is no doubt that the scale and speed of the coronavirus impact on the world economy is unprecedented. As COVID-19 continues to develop rapidly, entities should consider whether events have occurred that
have had a material impact on the financial statements.
With regard to revenue recognition, when dealing with situations and circumstances such as a crisis
caused by a pandemic, this may call into question the ability of organizations to comply with the terms of the
contracts. Companies therefore need to re-evaluate their ability to receive cash flow related to contracts. When
recognizing revenue, businesses may need significant judgment and reassessment of variable payments, in order to
determine the impact of pandemic uncertainties.
In addition, the accounting and disclosure of current and future contracts can also be affected by decisions
made in response to a pandemic, such as contract changes, benefits for customers who have difficulties in
repayments, price revisions, etc.
Description:
1. ფასს 15 „ამონაგები მომხმარებლებთან გაფორმებული ხელშეკრულებებიდან https://saras.gov.ge/ka/Ifrs/Pdf/515;
2. ფასს 9 - ფინანსური ინსტრუმენტები; https://saras.gov.ge/ka/Ifrs/Pdf/509
3. Accounting Considerations Related to Coronavirus Disease 2019, IFRS in Focus, March 2020,
file:///C:/Users/Mariami/Downloads/ifrs-in-focus-covid.pdf
4. 3. APPLICATION OF IFRS STANDARDS IN LIGHT OF THE CORONAVIRUS DISEASE (COVID-19) UNCERTAINTY
IFRS 15 Revenue from Contracts with Customers; April 2020; https://www.accountancysa.org.za
5. Особенности учета по МСФО в условиях пандемии коронавирусного заболевания; Ноябрь 2020 года;
https://assets.ey.com
6. Руслана Віліївна. Київ, 23.04. 2020; COVID – 19 VS Міжнародні стандарти фінансової звітності;
https://www.apu.com.ua › uploads › 2019/11
