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Educational material 9 - Application of IFRS standards in light of the coronavirus disease (COVID-19) uncertainty – Issued financial guarantee contracts within the scope of IFRS 9 Financial Instrument
Overview
This educational material summarizes the existing IFRS 9 requirements for issued financial guarantee contracts, (which is unchanged by the pandemic), but highlights the additional economic impact of COVID-19 may present, particularly for corporate entities that may not previously have attracted significant ECLs due to good standing specified debtors
operating in fairly stable economic conditions
| Author | SAICA Accounting Practices Committee |
|---|---|
| Division | CPR - Financial reporting |
| Keywords | SAICA Educational material Financial Reporting Application of IFRS COVID-19 Issued financial guarantees cntracts IFRS 9 |
| Categories | Financial Reporting |
| Date | May 2020 |
| File |