Lecture #6: New Rules for Bad Debt Provisions (IFRS 9)

Receivables are a typical financial instrument.

In 2014, the rules for bad debt provision (i.e. impairment) changed completely, as the standard IFRS 9 Financial Instruments was amended.

As a result, not only financial institutions like banks are affected by IFRS 9, but literally every single company, as almost every business has at least some receivables in its accounts.

Lecture #6: Explaining the new rules for making bad debt provisions under IFRS 9

In today’s lecture, you will learn about the new rules for the impairment of financial assets under IFRS 9. You will also see the difference between making bad debt provisions under older standard IAS 39 and new IFRS 9.

This lecture is a part of our premium training package the IFRS Kit.

Watch the lecture here (scroll below to download the handout to take notes).

CLICK HERE to download the Handout.