Need to know — Financial reporting considerations related to the Russia-Ukraine War
Published on:
22 Mar, 2022
![Need to know-Financial reporting considerations related to the Russia-Ukraine War Image]()
This Need to know discusses some of the key impacts of the Russia-Ukraine war that entities need to consider, which include:
- Interruptions or stoppage of production in affected areas and neighbouring countries.
- Damage or loss of inventories and other assets.
- Closure of roads and facilities in affected areas.
- Supply-chain and travel disruptions in Eastern Europe.
- Volatility in commodity prices and currencies.
- Disruption in banking systems and capital markets.
- Reductions in sales and earnings of business in affected areas.
- Increased costs and expenditures.
- Cyberattacks.
