Mitigating Uncertainty in the Boardroom: Analysis to Financial Reporting for Financial Risk COVID-19

• 발행기관: 한국유통과학회
• 저자명: Ali Khazaal JABBAR Aymen Raheem Abdulaali ALMAYYAHI Ibrahem Mohamed ALI Alhamzah ALNOOR
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 7 No.12, 233~243쪽, 전체 11쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.12.30

영문 초록

This study aims to assess the impacts of COVID-19 on International Financial Reporting Standards (IFRS), because of the problems associated with changing and amending the financial reports according to the policies established based on the circumstances of the epidemic. The study sample targeted several international financial reports that were amended based on epidemic conditions. The revised financial reporting period provides standardized reporting procedures for financial transactions worldwide despite the pandemic. Therefore, IFRS has been used to reduce challenges in financial reporting by monitoring the duration of social distancing while reporting matters to eliminate confirmed uncertainty and judgment. After analyzing the data obtained through global search engines, the results conducted provided evidence that COVID-19 affects financial reporting in companies around the world. Therefore, companies face difficulty reporting finances based on the challenging environment that the pandemic represents. Besides, IFRS fair value measurements consider the prices that were predicted according to current market values. The contexts of the changing the standards by IFRS to curb the effects of the COVID19 financial reporting was attained through evaluation of the online files that were randomly selected and filtered to obtain valid data.

목차

1. Introduction

2. Overview of Financial Reporting

3. Methodology

4. Data and Findings

5. Discussion and Conclusion

References

키워드

Financial Reporting Covid-19 Financial Risks International Standards Mitigating Uncertainty