Summarise the importance of the operating and financial revi...

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Summarise the importance of the operating and financial review(OFR) es...

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Operating and Financial Review OFR is made published by the Listed Entities and one of the essential part of Annual Reporting It helps the stakeholders to set out or provide the information required to determine the entities performances Their operational financial position and furtehr business prospects Lets discuss in detail the impact of Pandemic over such reporting S NO Principle of OFR Importance in Light of COVID 19 1 Consistent and Complementary With this the information included in Financial Reporting shall also be consistent with the OFR report specifically with this COIVID 19 any management estiamtion changes going concern impact has been changed or not same is required to be consisent with the financial Reporting and OFR With this Stakeholders will get to know the management insight of their future prospects 2 Balanced and UnAmbigious Disclosure of all Good and ve impact of the COVID 19 over the business prospect shall be focused herewith With this ve and ve impact stakeholders will able to analyse the impact on their invested iNdustry 3 Clear Concise and effective With the OFR complex concepts is easily laid over or conceptualise for stakeholders for understanding With the clear and concise information provided herewith and Impact of COVID 19 and further actions taken herewith in respect of tackle over the COVID 19 4 Operations and Business Model It visualise the business model changes over a perido due to COVID 19 the reason for the same in on temporary or permanent changes required against any future pandemic if any 5 Provide Useful and Meaningful Information It provide the Information which is relevant in respect of COVID 19 specially in respect of Going concern and changes in estimation over a period This will helps stakeholder ....

Summarise the importance of the operating and financial review(OFR) especially in light of the...

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Accounting

Summarise the importance of the operating and financial review(OFR) especially in light of the current COVID-19 pandemic.

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