IFRS 9's new impairment requirements for financial instruments are a big change from the existing IAS 39 guidance. Banks will be particularly impacted. Sandra Thompson and her colleagues from PwC's accounting technical specialist team highlighted key issues that would like to draw your attention to the important technical changes and practical difficulties when applying the new requirements. These videos briefed the overall requirement of impairment model under IFRS 9, discussed the critical judgmental areas and clarified key conceptions in significant increase of credit risk, and shared the use of forward looking information in practice.
Demystifying IFRS 9 impairment - 5. Measuring expected credit losses (Part 1)