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The following scenarios describe ledger entries for Sell transactions when you use asset-level expected credit loss (ECL) with an IFRS accounting basis.

Sell for IFRS – FVOCI

The entity holds an asset, par of 1,000 and a cost of $900, and expected credit losses of $30 applied to it.

Ledger entries follow for a lot with expected credit losses of $30 applied for an IFRS accounting basis with an FVOCI (Fair Value - Other Comprehensive Income) regulatory category. 

Sell with Realized Loss

WRITER NOTE: SB to provide acct numbers

Excusing any subsequent amortization, the lot is fully sold for $850 with the same amortized cost of $900.

The following transaction occurs.

Sell with Realized Gain

Excusing any subsequent amortization, the lot is fully sold for $950 with the same amortized cost of $900.

The following transaction occurs.

Ledger Account	Ledger Acct Name	Dr	Cr
13100001001010000100	COST OF INVESTMENTS-FV-OCI		900
1002000100	INVESTMENT RECEIVABLE	950
30060001014004000101	REALIZED GAIN ON INVESTMENTS GAINS - FV-OCI		80
33050004063005000406	ALLOWANCE FOR ECL-FV-OCI	30
3003000301	UNREALIZED GAINS FV-OCI - OCI		??
3006000103	REALIZED GAINS FV-OCI from OCI	??

Sell for IFRS – AC

The entity holds an asset, par of 1,000 and a cost of $900, and expected credit losses of $30 applied to it.

Ledger entries follow for a lot with expected credit losses of $30 applied for an IFRS accounting basis with an AC (Amortized Cost) regulatory category. 

Sell with Realized Loss

Excusing any subsequent amortization, the lot is fully sold for $850 with the same amortized cost of $900.

The following transaction occurs.

Sell with Realized Gain

Excusing any subsequent amortization, the lot is fully sold for $950 with the same amortized cost of $900.

The following transaction occurs.