FBK GT About Changes in Estimates

IFRS experts from FBK Grant Thornton’s Accounting Advisory Department have held a webinar titled “IFRS Financial Statements of Non-Financial Entities for Six Months: Evaluate and Disclose the Impact of COVID-19”.

Partner Elena Tyutyunnikova and Head of IFRS Methodology Services Elizaveta Tulyupa spoke about the effect of changes in estimates (adjustments of the carrying amount of an asset or a liability) on accounting for leases, measurement of expected credit losses and recognition of deferred taxes.

Recordings of all webinars are available in the special section of the website, “Together Against COVID-19”, where you can find materials useful for businesses during quarantine.

You can watch the video recording here https://youtu.be/OyNup_q-JZk