Understanding IFRS 9 – Expected Credit Loss (ECL) Model
In this session, AARO Academy breaks down IFRS 9 and the Expected Credit Loss (ECL) model to help you understand how it impacts financial reporting. Learn how automation tools, like AARO Estimator 9, can simplify the complexities of IFRS 9 compliance and make your reporting process more efficient.
What you’ll learn:
• The fundamentals of IFRS 9 and its transition from the incurred loss model to the Expected Credit Loss (ECL) model.
• Key approaches to estimating credit losses, including the General and Simplified Approaches.
• How AARO Estimator 9 can automate ECL calculations and improve your reporting accuracy.
Chapters:
00:00 - Introduction
00:39 - Understanding IFRS 9 and ECL with AARO
01:20 - What is IFRS 9 and Why It matters
01:56 - Classification of Financial Asset
02:24 - Impariment of Financial Assets
03:09 - Inside the Expected Credit Loss (ECL) Model
03:54 - Factors Considered Under the ECL Model
04:33 - Challenges with the ECL Computations
05:15 - AARO Estimatior 9
07:24 - Conclusion - Embracing IFRS 9 with Confidence