Accounting practices in times of sanitary, economic and financial uncertainty

Abstract

Pandemics have been diverse in the course of human history, however, at the beginning of the third decade of the 21st century, the new coronavirus arises, which according to its crown of command has turned the political, religious, commercial, economic-financial, therefore, the intention is to reveal an approximation of accounting practices in times of health, economic and financial uncertainty. Methodologically it is a descriptive research, supported by documents generated in the news spectrum at the international level and the theoretical review of certain aspects categorized in the IFRS standard issued by the IASB (2018). It was found that accounting practices should be based on what is established in the IFRS standard regardless of the uncertainty, panic and overwhelm that continues to generate the virulent burden translated at certain moments into economic short-circuit, however, the capacity of the entities should continue to be evaluated to keep the business going.