Are COVID-19-related income and expenses considered extraordinary?

Specific guidance for Swiss GAAP FER and CO

As an event, the coronavirus pandemic is extraordinary in many respects. Yet the question of whether income and expenses related to COVID-19 can be reported under extraordinary results in a company’s income statement can only be answered on the basis of applicable financial reporting standards and a narrow set of criteria. Silvan Loser provides an overview (article in German).