Methods for evaluating expected credit losses for the purpose of calculating the reserve on financial instruments in accordance with IFRS in commercial banks.
1 Direction of Banking and Auditing at the Tashkent State Economic University.
2 Department of Accounting and Reporting of National Bank of Uzbekistan.
Review Article
International Journal of Frontiers in Medicine and Surgery Research, 2021, 01(01), 025–031.
Article DOI: 10.53294/ijfmsr.2021.1.1.0064
Publication history:
Received on 21 February 2021; revised on 04 April 2021; accepted on 07 April 2021
Abstract:
This article discloses the implementation and application of IFRS in commercial banks, as well as the use of the methodology for assessing expected credit losses in order to calculate the provision for financial instruments in accordance with IFRS 9. The article also discloses the analysis and factors influencing performance, the level of losses in case of default by financial instrument.
Keywords:
Financial report; Loan portfolio; Methodology; assessment; Financial instruments; Factors; Commercial banks
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