Versions Compared
Key
- This line was added.
- This line was removed.
- Formatting was changed.
The following scenarios describe ledger entries for adding ECL to an existing lot when you use asset-level expected credit loss (ECL).
Book Asset-Level for IFRS – FVOCI
The entity updates an existing lot with expected credit losses of $30 using the Book Asset-Level panel. The lot is flagged as Stage 1, which has no accounting impact but is stored on the lot.
The ledger entries follow for an IFRS accounting basis with an FVOCI (Fair Value - Other Comprehensive Income) regulatory category.
Ledger Account | Ledger Acct Name | Dr | Cr |
5301000902 | IMPAIRMENT EXPENSE FOR ECL-FV-OCI | 30 | |
3305000406 | ALLOWANCE FOR ECL-FV-OCI | 30 |
Book Asset-Level for IFRS – Amortized Cost
The ledger entries follow for an IFRS accounting basis with an AC (Amortized Cost) regulatory category.
Ledger Account | Ledger Acct Name | Dr | Cr |
5601000902 | IMPAIRMENT EXPENSE FOR ECL-AC | 30 | |
1610010419 | ALLOWANCE FOR ECL-AC | 30 |
Book Asset-Level for US GAAP – AFS
The ledger entries follow for a GAAP accounting basis with an AFS (Available for Sale) regulatory category.
Ledger Account | Ledger Acct Name | Dr | Cr |
5301000902 | IMPAIRMENT EXPENSE FOR ECL-AFS | 30 | |
1310010419 | ALLOWANCE FOR ECL-AFS | 30 |
Book Asset-Level for US GAAP – HTM
The ledger entries follow for a GAAP accounting basis with an HTM (Held to Maturity) regulatory category.
Ledger Account | Ledger Acct Name | Dr | Cr |
5301000902 | IMPAIRMENT EXPENSE FOR ECL-AFS | 30 | |
1310010419 | ALLOWANCE FOR ECL-AFS | 30 |
On this page
| Table of Contents |
|---|
Related content