Impairment - Expected Credit Loss (ECL)
Discussion on the Expected Credit Loss model as per Ind As 109 (IFRS 9)
• Fixed income security refers to any type of investment that yields a regular or fixed return. It is an investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. In a variable income security, payments...
Journal Questions 1. Michael James bought 8,500 shares of NovoSotia on April 15 for $12 per share. On the same day the closing price of NovoSotia was $11.45 per share. Calculate the unrealized gains/loss at end of day and pass the journal entry. 2. On April 24 he sold...
Objective Questions 1. The equity method of accounting is adopted in: a. Controlling interest. b. Significant influence. c. Passive investments. d. None of the above. 2. In trade date accounting, a liability payable for acquiring the asset will be recorded on: a. The...
Theory Questions 1. Define equity shares as per the accounting standard FAS 115. 2. How are passive investments classified for accounting purposes? 3. What is readily determinable fair value as per FAS 115? 4. What is the fundamental difference between the trading and...
Equity securities are represented by ownership shares as common stock or preferred stock, rights to acquire ownership shares such as stock warrants or rights, or call options. The category also includes rights to dispose of ownership in shares by way of put options....
R. Venkata Subramani
ECL / CECL
IFRS / US GAAP / Ind AS
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