Transcription of A Closer Look - IAS Plus
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A Closer Look - IAS Plus
A Closer Look Applying the expected credit loss model to trade receivables using a provision matrix Contents Talking points IFRS 9 Financial Instruments is effective for annual periods beginning on or after 1 January Talking points 2018. IFRS 9 introduces a new impairment model based on expected credit losses. This Introduction is different from IAS 39 Financial Instruments: Recognition and Measurement where an incurred loss model was used. What has changed? The complexity of the general approach' in IFRS 9 necessitated some simplifications for What is the general approach' and why trade receivables, contract assets under IFRS 15 Revenue from Contracts with Customers;. the need for a simplified approach'? and lease receivables under IAS 17 Leases or IFRS 16 Leases. Certain accounting policy What accounting policy choices are choices apply.
Loss given Default (LGD) is the amount that would be lost in the event of a default. For example, a 70% LGD implies that if a default happens only 70% of the balance at the point of default will be lost and the remaining 30% may be recovered (be that through recovery of security or cash collection). Exposure at Default (EAD) is the expected ...
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