.png){kind=logo}
GC Asia
IASB new impairment model aims to smooth writedowns
The International Accounting Standards Board has published draft plans to change how impairment of assets is treated on balance sheets which should result in losses being taken earlier in the cycle.
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.
...
Already a subscriber? Login
-
Latest news from FIG
-
Nykredit returns to tier two after six years away
19 Apr 2021 -
PBB and BSH expected to issue new covered bonds
19 Apr 2021 -
Coventry Building Society readies non-pref debut
19 Apr 2021 -
Cafill prices third social covered bond through curve
19 Apr 2021 -
ECB: TRIM will shave 70bp from bank capital ratios
19 Apr 2021
-
-
Latest news from FIG
-
Nykredit returns to tier two after six years away
19 Apr 2021 -
PBB and BSH expected to issue new covered bonds
19 Apr 2021 -
Coventry Building Society readies non-pref debut
19 Apr 2021 -
Cafill prices third social covered bond through curve
19 Apr 2021 -
ECB: TRIM will shave 70bp from bank capital ratios
19 Apr 2021
-
