IASB Staff Release Webinar on March IFRIC Agenda Decision: Curing of Credit-Impaired Financial Assets

In March 2019 the IFRS Interpretations Committee (Committee), considered how a company should present amounts in its statement of profit or loss if a credit-impaired financial asset is subsequently paid in full or no longer credit-impaired (cured). The Committee concluded that the requirements in IFRS Standards provide an adequate basis to address this matter, and therefore finalised an agenda decision.

In this webcast, two technical staff members summarise the Committee’s discussion and explain the conclusion it reached. They also walk through the application of the relevant requirements in IFRS 9 Financial Instruments for amortised cost measurement and impairment.

The webcast can be accessed here.