Impact of the Crisis Generated by Covid-19 on Financial Reports Prepared in Accordance with National Regulations

Abstract

In the current economic context, caused by the COVID - 19 pandemic, decisions need to be taken, in particular, to restart or recover the activity of certain economic entities. This will be possible due to the creativity of managers and professional accountants who need to provide viable solutions. Both half-yearly and annual financial reports will be a starting point in establishing strategies to achieve the objectives of improving the financial performance of the business. This article presents perspectives on the impact of the crisis generated by the COVID - 19 pandemic on the activity of certain economic entities through indicators found in the financial reports, both from the point of view of companies that have temporarily reduced / closed their activity, and from of those who prospered.

Keywords

• half-yearly financial reports
• annual financial reports
• financial position
• financial performance
• accounting information
• covid - 19