IFRS 9Chapter 9Lesson 3
Credit-impaired assets, cure, write-off and presentation of impairment
Step 1 of 6Learning objectives
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At stage 3, interest is computed on the amortised cost net of the loss allowance; cure, write-off of an uncollectable asset, purchased or originated credit-impaired assets and presentation of impairment complete the model.
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Learning objectives
- Calculate the interest of a credit-impaired asset on the net amount.
- Explain the return to 12-month losses and the presentation of the interest difference after cure.
- Record the write-off of an uncollectable asset and the loss allowance reconciliation.
- Place purchased or originated credit-impaired assets and the pointer to IFRS 7 disclosures.