This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Need to know — Expected credit losses - Exposure draft

Published on: 28 Mar 2013


On 7 March 2013, the International Accounting Standards Board (IASB) issued for public comment an Exposure Draft ED/2013/3 Financial Instruments Expected Credit Losses (the 'ED').

The proposals are intended to replace the guidance on impairment of financial assets in IAS 39 Financial Instruments: Recognition and Measurement with new requirements that will form part of IFRS 9 Financial Instruments. This follows two previous exposure documents proposing models to account for expected credit losses: an Exposure Draft Financial Instruments: Amortised Cost and Impairment, published in November 2009, and a Supplementary Document Financial Instruments: Impairment, published jointly with the Financial Accounting Standards Board (FASB) in January 2011.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.