IFRS 9 Financial Instruments - using models in impairment calculations, avoiding the black box effect
This webinar is designed to inform the audience of the key component parts for generating the new Expected Credit Loss (ECL) calculations, also known as Impairment provisions, as required under International Financial Reporting Standard 9.
This standard went live on the 1st of January 2018, replacing International Accounting Standard 39.
Many organisations have adopted complex models to meet these requirements, thereby creating a potential “black box” effect. This can potentially make it difficult for stakeholders, including Board members, to fully grasp and challenge the underlying influences impacting the ECL calculation.