What type of study is this?

This is a Case Report study (also classified as: Observational).

September 10, 2025

Accounting and financial reporting in times of crisis

Key Points

Economic crises necessitate adaptations in accounting standards and practices to maintain financial integrity.
The study identifies key changes in IFRS and GAAP driven by recent corporate transparency demands and regulatory responses.
A case study in the aviation sector reveals significant effects on asset impairment and liquidity management during downturns.
The findings call for integrating advanced technologies and adaptive frameworks in accounting to enhance resilience.

Abstract

Economic crises significantly impact accounting and financial reporting, requiring adjustments in standards, asset valuations, and risk assessments. This study analyzes the effects of recent economic downturns on accounting practices, focusing on IFRS and GAAP adaptations, regulatory responses, and corporate strategies for transparency and sustainability. The case study on the aviation industry illustrates the practical consequences of financial crises on asset impairment, liquidity management, and financial disclosures. The findings highlight the growing role of digitalization and sustainable reporting in strengthening financial resilience. Future accounting practices must integrate advanced technologies and adaptive reporting frameworks to navigate economic uncertainties effectively

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Cite This Study

Harea et al. (Tue,) studied this question.

synapsesocial.com/papers/68c1ac0154b1d3bfb60e445f https://doi.org/https://doi.org/10.53486/issc2025.41

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