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Credit loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Credit loss

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by Stephen Widberg.
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  • May 28, 2022 at 4:09 pm #656733
    thanh123
    • Topics: 40
    • Replies: 27
    • ☆☆

    30 Alexandra – part b.

    The answer: “Interest revenue relating to the loan should continue to be calculated on the GROSS carrying amount of the loan as it is not considered to be credit-impaired”.

    I am confused How to calculate the interest income 30/4/X1 which based on gross carry amount ($31m) or $29m ($31m – $2m). Thanks !

    May 29, 2022 at 8:59 am #656772
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2548
    • ☆☆☆☆☆

    I’m not sure what kit you are using.

    If you are stage 1 or 2 – IRR x Financial asset
    If you are stage 3 – IRR x (Financial asset minus allowance)

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