Pandemic and natural disasters – accounting issues that arise

How should you reflect uncertainty triggered by COVID-19 in your financial statements? Where you should pay attention because of new issues, and routine calculations and assessments that now require review. This session gives practical answers and examples for meaningful disclosure.


This course:

  • Identifies financial reporting matters potentially impacted by the pandemic and natural disasters;
  • Helps you identify which are relevant to your circumstances;
  • Examines where disclosures of cash flow and liquidity are important;
  • Reviews what you should consider relating to:
    • Going concern
    • Asset impairment including expected credit losses
    • Inventory
    • Fair value when markets are volatile or unreliable
    • Relief, deferral and payment strikes on contractual obligations
    • After balance date events
    • Disclosures of estimates and judgements
    • Covenant compliance and liability classification
    • Fair and consistent reporting of unusual items in narrative and line items
    • Insurance recoveries and unsettled claims
    • Risks of inconsistent reporting, e.g. Other information, financial instrument risk disclosure
    • Accounting for grants, subsidies, relief and changes to laws; and
    • Provides a one-stop reference for extended deadlines and other reporting obligations relief

You'll get access to:

  • 1 hour Live webinar
  • 1 hour of supporting training video to watch at your own pace


David Sauer B. Com., FCA
Principal, David Sauer, Chartered Accountant

David is an independent consultant who has provided practical professional development for accountants across Australia for over 30 years.
He worked for 11 years with Deloitte and then Moore Stephens, where he was involved with writing model financial statements.
His training services are appreciated because of his understanding of the technical issues combined with an ability to communicate with affected parties of differing backgrounds.
David is able to draw on a wide range of circumstances to present training, including cases drawn from the technical advice he provides to accountants and directors of entities large and small.


Cancellations made 3 days or more prior to the events start date can be rescheduled to a different event within the online program or Refunded
Cancellations made less than 24 hours of the events start date or after the event has started: No refund
No shows - No Refund

CPE credit information

2.5 hours of CPD points