Under the International Financial Reporting Standards, impairments on financial assets are only recorded when a loss has been incurred or a trigger event such as bankruptcy indicates a loss is imminent. Consequently, contractual interest income on a loan is fully included in the amortised cost of an asset.
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
