CERTYNEX IFRS ACADEMY

A trainee summarises the reconciliation of the loss allowance for expected credit losses. Which of the trainee's sentences is wrong?

The reconciliation explains the changes in the loss allowance for the period, from the opening balance to the closing balance.

The reconciliation, presented by class and in a table, separates the allowance measured on 12 months, on lifetime and on assets credit-impaired at origination.

A write-off charged against the loss allowance reduces it without going through the charge for the period.

The reconciliation is limited to the opening balance, the charge and the closing balance.