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Loss Allowance (Impairment of Financial Asset)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Loss Allowance (Impairment of Financial Asset)

Viewing 4 posts - 1 through 4 (of 4 total)
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  • August 10, 2019 at 1:25 am #527040
    rahuljay
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    For FVTOCI or FVTPL items do we create loss allowance in balance sheet or just expense it in the Income Statement?

    August 14, 2019 at 10:08 am #527537
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    Loss allowances will not apply to the above financial assets.

    Thanks

    August 15, 2019 at 8:38 am #527693
    aliakberrizvi
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    Hi,

    Can you post a lecture explaining the concepts behind the impairment of financial asset and credit losses?

    August 18, 2019 at 7:28 am #527924
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    Yes, I will when I get the opportunity but for now that isn’t going to happen prior to the exams in September, sorry.

    Thanks

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