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RSM INSIGHT: Applying IFRS 9 financial instruments

Application of the Provision Matrix Practical Expedient in the Calculation of Lifetime Expected Credit Losses
 

This guidance provides a reminder of the requirements of IFRS 9 with respect to the impairment of trade receivables, lease receivables and contract assets measured using the simplified approach.

However, its main purpose is to provide additional guidance on, and examples of, the use of the provision matrix practical expedient.

 

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