Practical guide to determine the estimated expected loss for trade receivables

This webinar provides a practical guide to determine the estimated expected loss for trade receivables in accordance with FRS 109, Finance Instruments

Overview

We cover the definition of credit loss, the three-stage approach to determine the impairment loss of loan receivables, and the difference between the individual receivables assessment approach and the provision matrix approach in determining expected credit loss for trade receivables.

The webinar also includes guidance on how to develop and update a provision matrix, with the use of numerical examples for illustration. Participants will gain a practical understanding of how to estimate impairment loss of loan receivables and expected credit loss for trade receivables.

Outline
Speaker
Additional information

What is credit loss? Is it the same as doubtful debt?
How is the ECL different from the provision for doubtful debt?
The three-stage approach to determine impairment loss of loan receivable
Why it is important to determine the initial credit risk of the loan receivables
How to determine whether the loan receivable is at which stage of the three stages
How to account for potential bad loan in the three different stages
What the the difference is between the individual receivables assessment approach and the provision matrix approach in determining ECL for trade receivables
How to develop a provision matrix
How to update the provision matrix developed in prior year
What to do if all my trade receivables are fully collected after the year end
Cases with numerical figures will be used for illustration

Daniel Chee

Mr Daniel Chee holds an Honours degree in accountancy from the National University of Singapore and was a Certified Information Systems Auditor. He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms in Singapore and in the United Kingdom.

He also has more than five years of senior management experience with multinational corporations, managing their operations in Singapore and Asia. He was an adjunct associate professor at NUS Business School and then an adjunct professor with the Singapore University of Social Sciences. Mr Chee was a committee member of both the IT Committee and the Examination Committee of the Institute of Singapore Chartered Accountants, and was a Committee member of the Disciplinary Sub-Committee of the Accounting and Corporate Regulatory Authority.

International delegates

We welcome delegates from outside Singapore. Please email jasmine.wong@accaglobal.com to book under ACCA rates if you are an ACCA member, affiliate or student not resident in Singapore.

Certification

A CPD certificate will be emailed to you within three business days after the completion of this on-demand webinar and its evaluation.

Price

Member 230 SGD

Affiliate 240 SGD

Approved employer 300 SGD

Student 300 SGD

Public 340 SGD

Location

Singapore

Date & time

On demand

Book on ACCA

Practical guide to determine the estimated expected loss for trade receivables

Overview

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