07 key considerations in IFRS-related financial reporting during COVID-19

28 April, 2020

Without a doubt, we are operating in unusual times. COVID-19 will have far-reaching, perhaps even unforeseeable, impacts on business outcomes. A key to building trust during these uncertain times is with transparent and reliable information provided through financial reporting.

In this NewsBrief, we will explore seven key areas in IFRS-related financial reporting that may impact your interim and annual financial statements:

non-financial assets;
financial instruments and leases;
revenue recognition;
non-financial obligations;
going concern;
disclosures; and
interim financial statements.

To learn more about the current and potential business impacts of COVID-19 on IFRS-related financial reporting, please download our NewsBrief below. Feel free to reach out to us if you would like to discuss further. We're here to help!

Interested in this NewsBrief? Download its full version here

4 results

11/03/25

2024年增值稅新法

於11月26日，國會通過增值稅新法第48/2024/QH15，自2025年7月1日生效。

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投資支援に関する政令182/2024/ND- CP

2024年12月、政府は投資支援基金の設立に関する政令182/2024/NĐ-CPを公布しました。本政令の条件を満たすハイテク産業の納税者は、投資支援基金から助成金を受け取ることができます。当該政令は2024年度から有効となります。

10/03/25

保税倉庫に輸出され、国内市場に再輸入されるベトナム製品に対する輸入関税の取り扱い

2024年10月24日、税関総局は、ベトナムが加盟している自由貿易協定（FTA）の枠組みにおいて、保税倉庫に輸出され、その後国内市場に再輸入されるベトナム製品に対する特別優遇輸入税率を査定するための要件について、地方の税関部門へのガイダンスとなるオフィシャルレター5177/TCHQ-GSQLを発行しました。

10/03/25

新VAT法

2024年11月26日、ベトナム国会は2025年7月1日に施行される新VAT法48/2024/QH15を承認しました。

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4 results

23/10/24

Simplification of Promotional Program Notifications

On 10 October, the Government issued Decree 128/2024/ND-CP introducing significant amendments to Decree 81/2018/ND-CP, which outlines the Commercial Law’s guidelines on promotional activities. These changes take effect on 1 December 2024.

02/07/24

개인 데이터 보안 규정 위반에 관한 시행령 초안

2023년 4월 17일자 개인 데이터 보호에 관한 정부의 시행령 13가 발표된 후, 공안부는 현재 사이버 보안 및 개인 데이터 보안과 관련된 위반에 대한 행정 처벌에 관한 시행령 초안 작업의 마지막 단계에 있습니다.

02/07/24

Government boosts basic salary 30% and minimum salaries 6% in July 2024

On 30 June, the Government issued Decree 73/2024/ND-CP on new basic salary and Decree 74/2024/ND-CP on new minimum salaries which will come into effect from 1 July 2024.

27/05/24

個人データ保護に関する政令の違反に関する草案

2023年4月17日に発行された個人データ保護に関する政令13/2023/ND-CPに続き、公安省は現在、サイバーセキュリティおよび個人データ保護についての違反行為に対する行政罰に関する政令の草案を作成しており、導入に向けて最終段階を迎えています。当草案は、2024年6月からの施行が計画されています。

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4 results

22/05/24

IFRS Newsbrief: Updates on IASB’s project about Business combination under common control

However, in November 2023, after its consideration, the IASB has decided not to proceed with the development of specific reporting requirements for business combinations under common control. Entities having this type of transaction would need to continue to assess and select the most appropriate accounting policy to...

11/01/24

IFRS Alert: Bringing transparency on supplier finance

Supplier finance arrangements provide companies with solutions for managing working capital. As the use of these solutions expands, it has become increasingly important that investors have transparency over the effect on a company’s liabilities, cash flows and exposure to liquidity risk.

14/12/23

IFRS Alert: Impairment of non-financial assets - common mistakes

In brief, this applies to all entities with significant non-financial assets that are required to be tested for impairment under IAS 36. Set out below is a refresher on some basic concepts on impairment of non-financial assets, and reminders on those aspects of the value in use (VIU) methodology where common mistakes...

07/11/22

IFRS Alert: Updates on IAS 16 - Property, Plant and Equipment

We would like to bring to your attention some amendments of International Accounting Standard (IAS) 16 - ‘Property, Plant and Equipment’ (PP&E). The amendment to IAS 16 could have a significant impact on entities that construct material items of PP&E. Industries that are expected to be significantly impacted are mining...

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Get in touch

Tran Hong Kien

Partner, Assurance Services, PwC Vietnam

Tel: +84 24 3946 2246

Interested in this NewsBrief? Download its full version here

2024年增值稅新法​

投資支援に関する​政令182/2024/ND- CP​

保税倉庫に輸出され、国内市場に再輸入されるベトナム製品に対する輸入関税の取り扱い

新VAT法

Thank you!

Get in touch

2024年增值稅新法

投資支援に関する政令182/2024/ND- CP