ISO 9001 Certified in Valuation Advisory
ISO 9001 Certified in Valuation Advisory
The first Business Valuation and Expected Credit Loss training seminar was successfully held on 25 November 2019 in Hong Kong. With more than 20 people from a CPA firm focusing on listed companies attended this seminar.
ECL assessment of margin financing and mortgages
Valtech is highly experienced in ECL advisory sector. We have developed comprehensive assessment model, workflow and data solutions to provide advice on handling the estimation and disclosures in accordance with HKFRS 9 / IFRS 9. Our scope of services is listed below: 1. Full expected credit loss assessment In order to fulfill the standard's
Forward-looking information is an important concept to apply in quantifying expected credit loss.
Requirements under the new HKFRS 9 on Expected Credit Loss: Most Financial Instruments are subject to Expected Credit Loss Assessments under HKFRS 9. ECL typically covers trade receivable, contract assets, loan and other receivables .A Simplified Approach for trade receivable based on a Provision Matrix of Lifetime ECL. A 3-Stage General Approach for loan and other receivables, and as a policy choice for trade and lease receivables with significant financing component. Forward looking economic scenarios and their impacts on a weighted average ECL.
