Impairment — Education session (IASB only)
Date recorded:
The IASB held an education session to discuss:
- Criteria for recognition of lifetime expected losses;
- Methods and information to assess expected losses and transfer criteria; and
- Disclosures applicable to entities applying the simplified approach for trade and lease receivables.
No decisions were taken at this session.
The IASB will discuss these topics at a decision making session on Wednesday 21 November. Observer notes for today’s education session will be incorporated into the meeting notes for the impairment session held on 21 November 2012.
