Desde Inform News uk PWC

 

COVID-19

Accounting implications of the effects of coronavirus: PwC In depth INT2020-02 The In depthINT2020-02 continues to be updated with practical guidance, the below sections have had new FAQs added to them: FAQ 2.3.1 – Is COVID-19 a significant event for associates with different period ends from the entity? FAQ 3.2.9 -  Possible revisions to ECL estimates required in a downturn FAQ 3.2.10 – How should an entity account for changes to the cash flows on a debt instrument measured at amortised cost or fair value through other comprehensive income (FVOCI)? FAQ 3.2.11 – Impact of prepayments on lifetime probability of default for SICR assessments FAQ 3.2.12 – Inclusion of cash flows expected from the sale on default of a loan in the measurement of expected credit losses (ECL) FAQ 3.2.13 – Should borrower pre-payment options be taken into account when determining the period over which to measure expected credit losses (ECL)  FAQ 3.2.14 – What discount rate should be used when measuring ECL for credit cards and other similar products? FAQ 4.10 – What does ‘proportionally’ mean in the context of ‘consideration for a lease’, as described in the IASB’s educational material?