IAS 39 impairment regime change is seen as a positive for industry

10/28/2012 | BusinessWorld (Philippines)

The International Accounting Standards Board plans to replace the IAS 39 "incurred loss" impairment regime in favor of "expected loss" impairment by 2015. Credit losses will not be as severe under the new standard, and general principles of the approach include expected-loss-provision estimation, initial expected-loss allowance and symmetrical treatment for recovery.

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BusinessWorld (Philippines)