WRITERS NOTE: NEEDS REVIEW this is the IFRS content. How does it differ for US GAAP?
WRITERS NOTE: if there is no STAGE for HTM we need to redo this entire example. Or I need screenshots set up for a new entity with GAAP/HTM. I redid the Book panel to reflect the new panel name, but used the same entity as that used for asset level example. I do not have access to your entities. Or need name of position to take new screenshots.
The Book ECL Collective Level panel can create a position in Eagle Accounting that you can view and track in Position Viewer. The initial ECL transaction creates both an open row and an adjustment row in the Object for the ECL balance and stage. Any subsequent transactions to the same ECL position insert an adjustment row in order to update the balance or stage. When you update the current balance or stage, the system moves the current value to a “previous” field on the adjustment row in order to store the prior value.
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