IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects
The International Financial Reporting Standard 9 - IFRS is another one in the series of global level initiatives undertaken with a view to fixing the consequences of the global economic and financial crisis, and preventing the future negative developments caused by inadequate recognition and present...
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| Format: | Article |
| Language: | English |
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Association of Serbian Banks
2017-01-01
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| Series: | Bankarstvo |
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| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2017/1451-43541703036B.pdf |
| _version_ | 1811200333682049024 |
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| author | Brković Milan |
| author_facet | Brković Milan |
| author_sort | Brković Milan |
| collection | DOAJ |
| description | The International Financial Reporting Standard 9 - IFRS is another one in the series of global level initiatives undertaken with a view to fixing the consequences of the global economic and financial crisis, and preventing the future negative developments caused by inadequate recognition and presentation of credit losses on the part of banks. The IFRS 9 also represents a significant shift in relation to traditional accounting, given that it introduced the concept of expected credit losses to replace the concept of occurred credit losses. This task cannot be fulfilled by the traditional and conservative accounting without involving the macroeconomic assessment models, i.e. macroeconomic scenarios. This paper aims to highlight some specific methodological rudiments in macroeconomic analyses and forecasts as inputs for the accounting recognition and presentation of expected credit losses. |
| first_indexed | 2024-04-12T02:03:04Z |
| format | Article |
| id | doaj.art-fd51373564e44ab389e3beeb60b127b7 |
| institution | Directory Open Access Journal |
| issn | 1451-4354 2466-5495 |
| language | English |
| last_indexed | 2024-04-12T02:03:04Z |
| publishDate | 2017-01-01 |
| publisher | Association of Serbian Banks |
| record_format | Article |
| series | Bankarstvo |
| spelling | doaj.art-fd51373564e44ab389e3beeb60b127b72022-12-22T03:52:38ZengAssociation of Serbian BanksBankarstvo1451-43542466-54952017-01-01463365110.5937/bankarstvo1703036B1451-43541703036BIFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspectsBrković Milan0n/aThe International Financial Reporting Standard 9 - IFRS is another one in the series of global level initiatives undertaken with a view to fixing the consequences of the global economic and financial crisis, and preventing the future negative developments caused by inadequate recognition and presentation of credit losses on the part of banks. The IFRS 9 also represents a significant shift in relation to traditional accounting, given that it introduced the concept of expected credit losses to replace the concept of occurred credit losses. This task cannot be fulfilled by the traditional and conservative accounting without involving the macroeconomic assessment models, i.e. macroeconomic scenarios. This paper aims to highlight some specific methodological rudiments in macroeconomic analyses and forecasts as inputs for the accounting recognition and presentation of expected credit losses.http://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2017/1451-43541703036B.pdfIFRS 9macroeconomic scenarioexpected credit loss |
| spellingShingle | Brković Milan IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects Bankarstvo IFRS 9 macroeconomic scenario expected credit loss |
| title | IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects |
| title_full | IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects |
| title_fullStr | IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects |
| title_full_unstemmed | IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects |
| title_short | IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects |
| title_sort | ifrs 9 implementation in banks and macroeconomic scenarios some methodological aspects |
| topic | IFRS 9 macroeconomic scenario expected credit loss |
| url | http://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2017/1451-43541703036B.pdf |
| work_keys_str_mv | AT brkovicmilan ifrs9implementationinbanksandmacroeconomicscenariossomemethodologicalaspects |