Transcription of Impairment of financial instruments under IFRS 9 - EY
{{id}} {{{paragraph}}}
Applying IFRSI mpairment of financial instruments under ifrs 9 December 2014 December 2014 Impairment of financial instruments under ifrs 9 1 Contents In this issue: 1. Introduction .. 4 Brief history and background of the Impairment project .. 4 Overview of ifrs 9 Impairment requirements .. 7 Key changes from the IAS 39 Impairment requirements and the impact and implications .. 8 Key differences from the FASB s proposals .. 10 2. Scope .. 11 3. Approaches .. 12 General approach .. 12 Simplified approach .. 14 Purchased or originated credit-impaired financial assets .. 15 4. Measurement of expected credit losses .. 17 Lifetime expected credit losses .. 17 12-month expected credit losses .. 18 Expected life versus contractual period .. 21 Probability-weighted outcome .. 22 Time value of money .. 22 Collateral.
3 December 2014 Impairment of financial instruments under IFRS 9 What you need to know • The impairment requirements in the new standard, IFRS 9 Financial Instruments, are based on an expected credit loss model and replace the IAS 39 Financial Instruments: Recognition and Measurement incurred loss model. • The expected credit loss model applies to debt instruments recorded at
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}