Loss Allowance (Impairment of Financial Asset)

Rrahul7y ago

For FVTOCI or FVTPL items do we create loss allowance in balance sheet or just expense it in the Income Statement?

P2-D2Tutor7y ago#1

Hi, Loss allowances will not apply to the above financial assets. Thanks

Aaliakberrizvi7y ago#2

Hi, Can you post a lecture explaining the concepts behind the impairment of financial asset and credit losses?

P2-D2Tutor7y ago#3

Hi, Yes, I will when I get the opportunity but for now that isn't going to happen prior to the exams in September, sorry. Thanks

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