Search within this section
Select a section below and enter your search term, or to search all click IFRS In depths
Favorited Content
Accounting implications of the Russian invasion of Ukraine
Publication date: 18 Mar 2022 (updated 21 Oct 2022)
gx In depth INT2022-05
Key points
This In depth considers the impact of the Russian invasion of Ukraine (‘the invasion’) on the financial statements for periods ending on or after 31 March 2022 of entities whose business is affected by the invasion.
This In depth has been reviewed up to 30 September 2022.
Summary of changes
This In depth continues to be updated with guidance on new and emerging issues, the section below has been added after 30 June 2022:
This In depth continues to be updated with guidance on new and emerging issues, the FAQs below have been added after 16 May 2022:
- FAQ 4.7.11 – What factors should be considered in fair valuing equity securities issued by Russian entities that are traded on the Moscow stock exchange?
- FAQ 9.4.3 – If a company decides to pay salaries to employees unable to work, when should the expense related to these payments be recognised?
This In depth continues to be updated with guidance on new and emerging issues, the FAQs below have been added after 18 March 2022:
- FAQ 3.3.2 - What are the implications in the significant influence assessment of an entity that decides to remove directors from the board in the context of the Russian invasion of Ukraine?
- FAQ 3.3.3 - What are the implications in the significant influence assessment of an entity that is required to remove directors from the board in the context of the Russian invasion of Ukraine?
- FAQ 4.3.3 – Are government bonds that are denominated in USD or Euro, and issued by the government of Russia and held by foreign investors who are impacted by the sanctions, credit impaired under IFRS 9?
- FAQ 4.7.10 – What are the implications of the Russian invasion of Ukraine on the measurement of Russian bonds that are held at fair value?
- FAQ 4.10.2 – Are government bonds that are denominated in USD or Euro, and issued by the government of Russia and held by foreign investors who are impacted by the sanctions, impaired under IAS 39?
- FAQ 9.1.1 - Are penalties arising on the termination of a contract in the scope of IAS 37 or IFRS 9?
- FAQ 9.4.2 - How should change in settlement of equity awards to Russian employees be accounted for?
- FAQ 13.1.1 – What are the factors to consider in light of sanctions on the Russian Central Bank when determining the spot rate for the Rouble under IAS 21?
- FAQ 13.2.2 – What are the relevant considerations when translating foreign operations with a Rouble functional currency into another currency for consolidation purposes?
The FAQs below have been updated after 18 March 2022:
What's inside (free registration required to view):
1. Background | |
3.4 Inventories | |
5. Leases | |
7.1 Restricted cash | |
9.1 Provisions | |
9.5 Income taxes | |
10.1 Going concern | |
11.2 Breach of covenants | |
11.3 General disclosures | |
14. Regulators | |
PricewaterhouseCoopers LLP. This content is copyright protected. It is for your own use only - do not redistribute. These materials were downloaded from PwC's Viewpoint (viewpoint.pwc.com) under licence.
Link copied
