"Critical Analysis of Micro financial Development and COVID-19"

Abstract

The occurrence of the coronavirus Covid-19 out has significantly disrupted the functioning of many commercial units. The impact on the banking and financial sector in terms of non-performing assets and low financial activity will only be known when the situation returns to normal. At the same time, some areas have had a positive impact, such as information technology and digital business, Given the outbreak of the e-commerce business, pharmaceuticals and life sciences business, healthcare business, and insurance business Covid-19 out, it is challenging at this moment to estimate the full scope and duration of its business and financial impact. In this situation, the elements are presented with challenges while preparing their financial statements and reporting their results.