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IFRS 9 Impairment of financial assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9 Impairment of financial assets

  • This topic has 6 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • October 5, 2015 at 7:53 am #274988
    Kip Fatt
    Member
    • Topics: 29
    • Replies: 62
    • ☆☆

    What is the difference in term of treatment between 12 month expected credit losses and lifetime expected credit losses?

    October 6, 2015 at 1:34 pm #275175
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    I found this to be a most interesting explanation. Try it and then, if you still have a problem, post again

    https://www.ifrs.org/current-projects/iasb-projects/financial-instruments-a-replacement-of-ias-39-financial-instruments-recognitio/impairment/exposure-draft-march-2013/documents/ed-impairment-snapshot-march-2013.pdf

    October 6, 2015 at 1:37 pm #275176
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    This is not as interesting but may help!

    https://www.frc.org.uk/FRC-Documents/Accounting-and-Reporting/Slides-impairment.pdf

    October 6, 2015 at 3:09 pm #275194
    Kip Fatt
    Member
    • Topics: 29
    • Replies: 62
    • ☆☆

    The impairment of financial assets is similar with expected loss model right?

    October 6, 2015 at 3:44 pm #275201
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Agreed

    October 6, 2015 at 3:49 pm #275205
    Kip Fatt
    Member
    • Topics: 29
    • Replies: 62
    • ☆☆

    Thank you

    October 6, 2015 at 4:32 pm #275210
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
Viewing 7 posts - 1 through 7 (of 7 total)
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