Dutch GAAP & COVID-19
The World Health Organisation has declared the Covid-19 coronavirus outbreak to be a pandemic. Many governments are taking stringent steps to contain and/or delay the spread of the virus.
Actions taken in response to the spread of Covid-19 have resulted in significant disruption to business operations and a significant increase in economic uncertainty, with more volatile asset prices and currency exchange rates, and a marked decline in long-term interest rates in developed economies.
These events and conditions create a level of uncertainty and risk that companies may not have encountered before, and may result in significant financial reporting implications for preparers of financial statements. This resource centre focuses on the potential financial reporting impacts for 2020 period ends.
The FAQs below can help you better understand the potentially significant accounting and disclosure implications for your company, and the actions management can take now.
This resource centre will be continually updated as other significant accounting and reporting issues arise, so we encourage you to bookmark this page and check back frequently for updates.
COVID-19: How to account for compensation granted for non-performed services?
The accounting for a compensation offered depends on the acceptance by the customer.
Accounting for a change in dividend proposal after the preparation of the financial statements but before its adoption
As a consequence of COVID-19, the management board may decide to adjust the amount of the dividend. The question arises: how to account for this?
Additional COVID-19 related information
COVID-19 crisis en de impact op uw organisatie
Wij zijn er om u door deze crisis te loodsen en om uw organisatie veerkrachtig te houden, nu én op de langere termijn.