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2 gru 2020 · IAS 39 Financial Instruments: Recognition and Measurement outlines the requirements for the recognition and measurement of financial assets, financial liabilities, and some contracts to buy or sell non-financial items.
Under the model, impairment charges in P&L will always occur earlier as compared to current IAS 39 guidance, and this is no different for financial assets classified in the FVOCI category. Example 5 in the Appendix illustrates the estimation of credit losses for FVOCI financial assets.
IFRS 9 requires entities to recognise expected credit losses for all financial assets held at amortised cost or at fair value through other comprehensive income, including accounts receivable balances.
includes identifying impairment indicators, assessing or reassessing the cash flows, determining the discount rates, testing the reasonableness of the assumptions and benchmarking the assumptions with the market.
The revised IAS 39 also incorporated an Implementation Guidance section, which replaced a series of Questions & Answers that had been developed by the IAS 39 Implementation Guidance Committee.
1 paź 2006 · For available-for-sale financial assets, unrealised holding gains and losses are deferred in reserves until they are realised or impairment occurs. Only interest income and dividend income, impairment losses, and certain foreign currency gains and losses are recognised in profit or loss. Examples
Stage 1—as soon as a financial instrument is originated or purchased, a 12-month ECL is recognised in profit or loss and a loss allowance is established (may be nil). For financial assets, interest revenue is calculated on the gross carrying amount (ie without deduction for ECLs). Stage 2 at each reporting date, the ECL is remeasured:
