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Sir in case of 12month expected credit losses we have an option, to either offset against financial asset or show or as a liability under loss allowance. We can’t do both???
It’s really saddening(if that’s a word) to have to wait for 2.5more months! I really don’t feel like studying SBR anymore after all the efforts. Any tips you would like to give me sir, as to how should my next 2.5months look like?
Really sorry to hear about technical issues.
You can’t sit staring at your notes for another 2.5 months.
Step 1 – take a break – no SBR until 1 July.
Step 2
July – Flashcards and our course notes
Step 3
August – updated 21/22 BPP or Kaplan kit.Expected credit losses – I would always set the allowance (Cr) off against the FA balance (Dr)
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