Asset Impairment Considerations

As we approach 31 December 2020, in which can only be described as one of the most challenging years for businesses in recent history, we will start to see the impact of the pandemic reflected on profit and loss accounts and balance sheets on mass for the first time, given that the financial statements for the majority of Irish companies follow the calendar year.

In this series of 3 articles, we will consider the implications for Directors and their companies under the topics of Asset Impairments, Post balance sheet events and provisions, and going concern, with the objective of providing important insights and illustrating the planning opportunities that business owners can avail of through early engagement now.

Please download the article below for further information.