Month: August 2018

Transition in the Expected Credit Loss (ECL) model, part 1

As financial institutions still battle to report Quarter one provisions, many CFOs are still worried by the huge impairment provisions. The newly adopted International Financial Reporting Standards Nine (IFRS9) seeks to address the short comings of the International Accounting Standard 39 (IAS 39) in terms of recognition and measurement. The key emphasis brought about by …

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Save money and time with summitIFRS9 TOOLKIT

Is IFRS9 compliance costing you a lot of money and time? Whether your IFRS9 compliance is on track, no one inhales their own exhaust. You need to validate your model. Look through the window for fresh air. Summit Consulting Ltd has developed an IFRS9 Toolkit to facilitate swift IFRS9 compliance for Banks at an affordable …

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