Ефектите от пандемията Covid-19 върху финансовите отчети за 2020 г. на италианските дружества
The Effects of the Covid-19 Pandemic on the Financial Statements for 2020 of Italian Companies

Author(s): Vanina Dangarska
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Covid-19 pandemic; going concern; amortization; Italy
Summary/Abstract: The purpose of the report is to summarize two of the most important provisions introduced by the Italian legislator in 2020, directly affecting the preparation of the financial statements of companies that do not apply international accounting standards. These provisions temporarily revolutionize the concept of financial statement, transforming it from a document providing information about financial position of the entity into an instrument of economic policy, aimed at artificially maintaining the activities of entities, even if there are no real prerequisites for its continuation.

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