Analysis of Impairment of financial assets of a commercial company based on the expected credit loss model
DOI:
https://doi.org/10.53591/iti.v15i20.1527Keywords:
IFRS, financial instrument, accounts receivable, credit lossAbstract
Context: This study analyzes the impairment of accounts receivables due to the application of the International Financial Reporting Standard (IFRS) 9: Financial Instruments. Method: The methodology is mixed inductive, with non-probabilistic sampling by judgment, taking as sources the Superintendency of Companies, Securities and Insurance, interviews with experts, among others. Results: One of the results of the simplified account receivable method for commercial companies lies in estimating the expected credit losses, so that the provisions for bad debts are higher than the previous model, negatively impacting equity. Conclusions: A fundamental change in International Financial Reporting Standard 9 is that, currently, the company must analyze and determine the impairment of its financial assets under the expected loss approach, changing the factory of its recognition that was previously based on the loss model incurred.
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