Accounting considerations related to economic volatility

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EY Global CRS
10 May 2024 PDF
Subject IFRS technical resources
Categories Revenue Financial instruments Leases Other IFRS

This publication considers the effect of high inflation and high interest rates on entities’ financial reports.

Inflation rates and interest rates globally remain high, with associated impacts on commodity prices, foreign exchange rates and other macroeconomic factors. As these high rates look set to continue for some time, entities need to carefully consider the impact on financial reporting under IFRS.

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