Akademik Məlumat İdarəetmə Sistemi
Conference: Economic and Social Development: Book of Proceedings 2021At: Varazdin Development and Entrepreneurship Agency (VADEA), vol.1, no.340, pp.235-240, 2021 (Conference Book)
The main purpose of this publication is the research and study of the impact of the global coronavirus pandemic on the financial statements of companies since the beginning of 2020. Especially the probability of “continuity of operations” used in International Financial Reporting Standards, recognition of income, valuation of inventories, determination of fair value, impairment of goodwill, etc. such as issues are discussed and recommendations are made to reduce the risks. According to the article because of the ongoing uncertainty due to the pandemic, to maintain the quality of the financial statements the effects that are expected and likely to occur due to the application of skepticism should be detailed in the financial statements. The article conducted a regression analysis of gross profit using linear multiplicity and nonlinear multiplicative of econometric modeling methods to assess the relationship between the gross profit of the organization, cash flows, current assets, current liabilities, private capital and debt capital. As a result of the research, it was found that “Azersu” OJSC (The organization in charge of state policy and strategy in the field of water supply, drinking water supply and sanitation services to consumers in a centralized manner) has a negative linear relationship between cash flows, vehicle assets and total capital and total profit, as well as between current liabilities and total profit, a positive linear relationship. The article can play a positive role in enriching the scientific and practical knowledge of experts involved in accounting and auditing.