ECL model under IFRS 9 explained: Simple walkthrough with examples
Last update: 2026 What you will find in this guide: 1. Free VIDEO lecture: IFRS 9 ECL model explained: Simple walkthrough with examples 2. What is the IFRS 9 ECL model and when does it apply 3. What does “expected credit loss” actually mean 4….
IFRS 9 Hedge accounting example: why and how to do it
Hedge accounting is an optional model for reporting the derivatives, yet it is not a free ride: there are conditions and admin work to do. So, if there is so much additional work related to hedge accounting, why even bother? Well, some people say that…
Monetary or Non-Monetary?
Updated: 2023 – please scroll below to download the infographics for your future reference, it is free. When you need to translate your items denominated in foreign currency to your own functional currency, then there’s one little problem: Is that item monetary or non-monetary? If…
How to account for income from loan application fees?
How to account for the loan origination fees or the loan servicing fees? In profit or loss? Amortize? Find out here!
Contract Asset vs. Trade Receivable – What’s the Difference?
What is the difference between contract asset and receivable? When to book a contract asset and when a receivable? Learn here (with example)!
ECL: How to Measure Probability of Default
Expected credit loss challenges many experienced accountants and finance people, because it contains the element of uncertainty and some sort of guessing or estimating what can happen in the future. That’s why it is “expected” after all. I wrote a few articles about the process…
How to account for financial guarantees under IFRS 9?
What is a financial guarantee? What is it NOT? And, how to account for financial guarantees under IFRS 9? Learn here!
How to calculate impairment on intercompany loans?
How to determine the impairment on intercompany loans under IFRS 9? What are the special considerations in relation to groups and internal loans? Learn here!
How to present a loan with breached covenants?
So, you have a long-term loan, you breached the covenants and it became repayable on demand. Is it current or non-current? Learn here!
How to test hedge effectiveness under IFRS 9?
How to assess hedge effectiveness prospectively under IFRS 9? Do we need to calculate the hedge effectiveness retrospectively?
