New on the Horizon: ED/2009/12 Financial Instruments: Amortised Cost and Impairment

New on the Horizon: ED/2009/12 Financial Instrume...

The proposals included in this publication relate to two areas of financial reporting which are very close to the heart of most financial institutions: interest margin and credit losses. They are key performance indicators and, in the case of impairment, intrinsically part of internal risk management and the measure of regulatory capital.   The proposals contained in the ED represent a significant change to the current requirement on recognition of impairment losses for financial assets and their presentation and disclosure in the financial statements. The proposals also would impact the calculation of amortised cost, application of the effective interest method, and in particular, presentation of interest on the face of the statement of comprehensive income.

1000

Related content

New on the Horizon: ED/2009/12 Financial Instruments: Amortised Cost and Impairment

© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

Connect with us