CA Final expectedcreditloss — practice questions
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Practice CA Final expectedcreditloss in the app →Under Ind AS 109, the EXPECTED CREDIT LOSS (ECL) impairment model applies to:Under Ind AS 109, "12-MONTH EXPECTED CREDIT LOSSES" are defined as:Under Ind AS 109, the SIMPLIFIED APPROACH to ECL is MANDATORY for:Under Ind AS 109's three-stage ECL model, interest revenue in STAGE 3 (credit-impaired) is calculated on:Under Ind AS 109, the THREE-STAGE general approach moves an asset from Stage 1 to Stage 2 when:Under Ind AS 109, the 30-DAY PAST-DUE rebuttable presumption is:Entity A has trade receivables of ₹30 crore with no significant financing component. Lifetime ECL using a provEntity A holds a 10-year amortising loan of ₹10 lakh. Initial 12-month PoD = 0.5%; LGD = 25%. At reporting datUnder Ind AS 109, evidence that a financial asset is CREDIT-IMPAIRED (Stage 3) includes ALL of the following EUnder Ind AS 109, ECL is measured in a way that reflects:An entity reclassifies bonds from FVOCI to AMORTISED COST. Fair value at reclassification = ₹90,000; ₹10,000 OAn entity reclassifies bonds from FVOCI to FVTPL. Fair value at reclassification = ₹90,000; ₹10,000 OCI loss hUnder Ind AS 109, when measuring ECL for trade receivables using a PROVISION MATRIX (e.g., 0.3% current, 1.6% An entity's portfolio of trade receivables has varied customer profiles (some wholesale, some retail; differenUnder Ind AS 109, the MAXIMUM PERIOD over which the entity measures expected credit losses is: