COVID 19 - Accounting Estimates
The COVID-19 pandemic and the measures taken to curb its spread, led to some of the followings at the level of the company: under-utilization of human and material resources, delays in the settlement of receivables and repayment of debts, delays in the implementation of ongoing projects, and in extreme cases the temporary/definitive cease of activities.
These realities need to be appropriately reflected in the accounts, in particular with regard to accounting estimates.
The most relevant points to note in this regard were detailed during our webinar which held on May 15th 2020 and are summarised in the presentation attached below.