There are lifetime expected credit loss of a financial instrument and 12 months expected credit loss of it. So 12 months expected credit loss is a portion of lifetime expected credit loss.
the default is not defined, the company needs to set a policy on what is considered default.
In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...
To perform walk through in audit with the objective to ascertain the audit assertions. We need to understand the control or process in...
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
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