On the 20th of February 2019, the Central Bank of Uganda issued an instruction circular to Supervised Financial Institutions (SFIs). SFIs were required to submit a report on the implementation of the standard by 30th June 2019. Having championed IFRS…
In our series of ‘Measurement of the Expected Credit Loss, we have discussed what credit loss is and its components of the 12 months & lifetime expected credit. IFRS 9 requires recognition of impairment losses on a forward-looking basis which…
IFRS 16 Leases replaces IAS 17, and is effective periods beginning on or after 1 January 2019. IFRS 16 Leases brings significant changes in accounting requirements for lease accounting, primarily for lessees. For lessees, there is a choice of full…
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