Impairment on Financial Assets

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May 27, 2016 at 6:26 pm #317555
Muslim Farooque
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Is it still Impairment of Financial assets like comparing the carrying value to recoverable amount or is the concept replaced by loss allowances?pls help
May 30, 2016 at 8:51 am #318073
P2-D2
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Hi,

Impairment of financial assets is not covered by IAS 36. It is within IFRS 9 and deals with expected credit losses and allowances.

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