Accounting Implications for (Covid-19) – Measuring the impairment
of non – current assets in accordance with IAS (36)
An applied study to measure the impairment of the assets value of the companies
(Baghdad for the manufacture of packaging materials and Asiacell for communications)
Prof .Ass. Dr Ali Abbas Kareem AL-Khafaji1
, Hazem Nasser Hussein Al-Adbani2
1- Department of Accounting , college of Administration & Economics, Al-Qadisiyah University, Iraq,
Ali.Kareem@qu.edu.iq.
2- Department of Accounting, college of Administration & Economics, Al-Qadisiyah University, Iraq,
Acc.post02@qu.edu.iq.
Abstract
The aim of the study is to measure the impact of (Covid-19) on economic units, and the
accompanying fluctuations in global markets, which in turn are reflected on the market value of
most of them. The study targeted companies (Baghdad for the manufacture of packaging materials
and Asiacell for Communications) to measure the extent to which they are affected by the Corona
pandemic. The growth rate of cash inflows and outflows has been used to measure future cash
flows. The researchers concluded that the Corona epidemic has varying effects on economic units.
This led to economic recovery in some of them and stagnation and depression in others, which led
to the deterioration of their market value, and the emergence of indicators of the impairment in the
value of non-current assets. The study recommended the necessity of applying International
Accounting Standard No. (36) to reach the real value of these assets.
Key world: Accounting Standard (36), (Covid-19), impairment of assets, Fair value, Value in
use.
