Hong Kong, Singapore, Shanghai, Sydney, London
Hong Kong, Singapore, Shanghai, Sydney, London
Valtech is highly experienced in ECL advisory sector. We have developed comprehensive assessment model, workflow and data solutions to provide advice on handling the estimation and disclosures in accordance with HKFRS 9 / IFRS 9. Our scope of services is listed below: 1. Full expected credit loss assessment In order to fulfill the standard's
Forward-looking information is an important concept to apply in quantifying expected credit loss.
Requirements under the new HKFRS 9 on Expected Credit Loss: Most Financial Instruments are subject to Expected Credit Loss Assessments under HKFRS 9. ECL typically covers trade receivable, contract assets, loan and other receivables .A Simplified Approach for trade receivable based on a Provision Matrix of Lifetime ECL. A 3-Stage General Approach for loan and other receivables, and as a policy choice for trade and lease receivables with significant financing component. Forward looking economic scenarios and their impacts on a weighted average ECL.
Professional, Supportable, and Audit-Ready ECL Solutions Valuation is a disciplined professional practice. It relies on quantitative science, but it equally depends on informed professional judgment. In financial reporting, there is no single "most accurate" figure; rather, the goal is to establish a supportable and reasonable valuation. When the purpose of a valuation is financial
