IFRS in Focus — Financial reporting considerations related to the Russia-Ukraine War

Published on: 17 Mar 2022

This IFRS in Focus 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.


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