9 December 2009
Further to the recent financial crisis, aspects of financial reporting have been put under the spotlight and calls for change have been raised. The financial reporting of losses on financial assets held at amortised cost is one such principal area and the IASB has reacted by proposing a new impairment model. Given the complexity involved in accounting for the impairment of financial assets, both FEE and EFRAG felt that both European constituents and also other interested parties may benefit from having an additional, educational resource to assist them in understanding and analysing the new impairment proposals. EFRAG FEE Paper Impairment of Financial Assets – The Expected Loss Model 0912
Further to the recent financial crisis, aspects of financial reporting have been put under the spotlight and calls for change have been raised. The financial reporting of losses on financial assets held at amortised cost is one such principal area and the IASB has reacted by proposing a new impairment model. Given the complexity involved in accounting for the impairment of financial assets, both FEE and EFRAG felt that both European constituents and also other interested parties may benefit from having an additional, educational resource to assist them in understanding and analysing the new impairment proposals.
EFRAG FEE Paper Impairment of Financial Assets – The Expected Loss Model 0912