The particularities of accounting for debts to staff in the context of the epidemiological situation

Abstract

At present, it is extremely important for the entity to ensure business continuity both in its relationships with the external partners and within the entity in the context of wage settlements. The coronavirus epidemic has forced entities to resort to various wage measures such as wage and salary cuts, unpaid leaves etc. As entities assess the impact of the COVID-19 on their business, the management of these entities have to consider a number of important issues to overcome the current challenges. In order to clarify the problems faced by entities in this exceptional wage situation the key issues to be taken into account in the decision-making process shall be examined in the below article. JEL: M 40, 41.