ON THE LOOK OUT!

IFRS 9
By: TINA LLORCA
 GAME

Just Something to break the ice.

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HOUSE RULES

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 HOUSE
RULES

BE FRIENDLY
AND
KNOW AS MANY
PEOPLE AS YOU CAN

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No one has the monopoly of all the knowledge
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 HOUSE
RULES
1. Be friendly and know as many people as you can.

2. BE OPEN. SHARE. RESPECT.

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 OBJECTIVE
Give the participant the overview of the rationale behind the
implementation of IFRS 9 specifically expected credit loss.

At the end of the session, I as the participant should be able to

appreciate the logic behind the IFRS 9. I should be able to use the
concept of ECL learned in effectively implementing the guidance.

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We can make sense of things when we
know its origin.
 IFRS 9
FINANCIAL INSTRUMENT

FINANCIAL INSTRUMENT are monetary assets or

liabilities of the company. It either give rise to a
financial asset of one entity and financial liability or
equity of the other entity

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ASSETS are OVERSTATED.
PFRS 9 Financial Instruments
IFRS 9 raises the risk that more assets will have to be
measured at fair value with changes in fair value
recognized in profit and loss as they arise.
Earlier recognition of impairment losses on

receivables and loans, including trade receivables.

Analyze the historical credit losses.
Forward-looking information
Macro economic development

Geographical unique situation

Segment by segment consideration

IFRS 9 GOAL