IFRS 7Chapter 6Lesson 1
Credit risk (1): management practices and exposure by rating grade
Step 1 of 6Learning objectives
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IFRS 9 measures expected credit losses; IFRS 7 asks for the management practices to be described and the exposure to be split by rating grade.
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Learning objectives
- Explain that the description of credit risk management practices links to the measurement of expected losses.
- Split the gross carrying amount by rating grade and by loss allowance basis, and check the total.
- Separate what belongs to IFRS 9 from what belongs to IFRS 7 in matters of impairment.