[hieuht010198]

Yes I totally understand. Thank you Teacher Widberg:)

[hieuht010198]

Thank you teacher Widberg, I almost understand.
I have another matter:

Normally (I studied in SBR Video – Financial instrument in Opentution guided by Teacher Chris) Financial instrument will related to bond, shares, cash and not involve goods and services.

In this case Cryptoncurrency plays a role as a bond, shares similarly. The issuers (a party issues Cryptoncurrency) receive cash from investors and promise to give Cryptocurrencies (ie: token) to investors.

Therefore they (issuers) initial recognise:
DR: Financial liability
CR: Cash – that they receive from investors

Subsequently (at end of term – that date they pay cryptocurrency to investors)
DR: Cryptocurrency – IAS 38 (instead of cash)
CR: Financial liability

Whether my opinion is right or not? Can you help me please. Thank you teacher.

I appologize that I can not present clearly because I’m not good at English.

[hieuht010198]

Thank you sir for quick response
As you mentioned above I’m clearly the definition of ECLs (both life and 12 months). However I’m just little bit confused about formula of ECLs (both lifetime and 12months). How we use percentage of defaul chance?
I already watched this The answer lectures of March-June 2020 and lecture video ‘Impairment’ of SBR in the opentuition but I’m still can not clearly how we use percentage of default chance?
Can you give me a definition of calculation formula ECLs (ie: thing 1 * thing 2 or something like that?)
Thank you.

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