Covid-19: Accounting complications emerge

 

THE Institute of Chartered Accountants of Zimbabwe (ICAZ) says the effects of covid-19 have complicated the implementation of certain accounting standards.
The institute urged caution in the execution of the requirements of IFRS 9, a standard that addresses the accounting for financial instruments, and among other things, sets out a framework for determining the amount of expected credit losses (ECL) that should be reco

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