This IFRS newsletter reports on the latest discussions on impairment of financial assets.
When measuring expected credit losses under IFRS 9 for revolving credit facilities – such as credit cards – determining the period of exposure presents challenges.
The IASB discussed this issue – which was previously raised by the ITG –
The IASB staff provided a summary of the relevant requirements of
The staff informed the Board of their intention to develop educational material on this and other challenging areas – should the need arise – to support IFRS 9 implementation.
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