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IFRS 9 IMPAIRMENT - Coggle Diagram
IFRS 9 IMPAIRMENT
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General
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- Simplified approach - Use if you can. e.g Provision matric on Trade Receivables
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FA @ FV through OCI
Therefore, CY Impairment - PY impairment = CY movement (What should be recognised in OCI
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CY impairment recognised in OCI (Loss allowance) accumulates like accumulated depreciation (similar)
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We credit m2m reserve because even though the asset is impaired, the market still perceives it to be of high value (FV)
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SOFP Balance is ALWAYS FV for FA measured through OCI
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Other
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FV changes are always measured against the CA for a FA measured FV through OCI