ECL Assessment – More Attention is Required
The importance of proper ECL estimation should not be underestimated.
Expected Credit Loss Assessment
Many companies still struggle in how to fulfill the requirement to consider forward looking information in the expected credit loss adjustment. Let’s recall the standard’s requirement on this matter.
Business Valuation and Expected Credit Loss Training
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.
VALTECH is ready to assist HKFRS 9
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.
Valtech Valuation helps you with IFRS9 / HKFRS 9 Expected Credit Loss
Valtech has prepared an exclusive tool to assist HKFRS 9 preparers to measure their expected credit loss rates based on empirical data and prevailing industry insights across various industries. Let's take the following three industries as examples, being a typical auto component manufacturer, a consumer product distributor and a power supply company as follows: ECL Highlights: 1、Quick credit loss insights