According to ACCA’s article(impairment of financial asset) it seems tgat there are 3 approaches available: 1-loss incurred approach 2-expected credit loss approach 3-two stage approach
I know how to use the first two approaches and I know that expected approach is the new one of those two…but I have problem with the 3rd one.
My question is:
According to the latest related standard,which approach should we use for impairement of debt assets in the exam?