Add ECL to Existing Lot Scenarios for IFRS

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

Book Asset-Level for IFRS – FVOCI

The entity updates an existing lot with expected credit losses of $30 using the Book ECL 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

5001000902

IMPAIRMENT EXPENSE FOR ECL-FV-OCI

30 

 

3005000406

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

5001000902

IMPAIRMENT EXPENSE FOR ECL-AC

30 

 

1010010419

ALLOWANCE FOR ECL-AC

 

 30

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