Page Comparison

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

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

with a GAAP accounting basis. 

Book Asset-Level for US GAAP – AFS

The ledger entries follow for a GAAP accounting basis with an AFS (Available for Sale) regulatory category. 

Book Asset-Level for US GAAP – HTM

The ledger entries follow for a GAAP accounting basis with an HTM (Held to Maturity) regulatory category.