Dear Sir, These videos are really awesome. Complex topics explained in a very simple manner. It really helps students like me who are working and and not taking any coaching/tuition as concept of most of the IFRS/IAS are same as Indian AS. However, many topics including IFRS 9: Financial Instruments which are new and bit tricky for self-study and we can't take online coaching also just to cover few topics. In such scenario, your videos are helping a lot. Please keep uploading complex topics. Thanks,
Hi, thank you so much for this video. I have a question, during stage 3 we account for interest on the impaired amount of the asset like you’ve mentioned. However, if we receive interest from the debtor on the gross amount of the asset as originally stipulated, what would be the journal entry? Using your example, 6% on 1,000,000: Dr. Bank 60,000 Cr. Interest (6% * 680,000) 40,800 Cr. Deferred revenue? 19,200 If the above journal entry proves right, how is deferred revenue amortised to P&L?
Sir one question, this Credit loss goes into Balance sheet in provision account ?? What about RWA , does it get part of balance sheet or off balance sheet or a just a RWA report
Hi Saurabh. Thanks for the comments. The lectures are prepared not only for CAs but also for every one else. It is not expected that I would do a Hindi English mix lecture sooner.
Hi, Can you kindly show the accounting entries how to present effective income based on 680K, as we actually receives the whole income from the instrument, hence where these difference is going to
very good lecture to understand the three stage model of IFRS 9
Explained so nicely. Thank you sir for your sincere effort.
Awesome explanation Sir
thank you for the knowledge👍
Although an old video, it’s gold
Very good presentation and easy to understand with example
Thank you sir.
Thank you so much for such brilliant effort.
Lots of love and respect.
So well taught....liked it sir
Sir ...Thank you very much ..... really appreciate your hard work .
Awesome
very good, thx
Dear Sir,
These videos are really awesome. Complex topics explained in a very simple manner. It really helps students like me who are working and and not taking any coaching/tuition as concept of most of the IFRS/IAS are same as Indian AS. However, many topics including IFRS 9: Financial Instruments which are new and bit tricky for self-study and we can't take online coaching also just to cover few topics. In such scenario, your videos are helping a lot.
Please keep uploading complex topics.
Thanks,
Many thanks
Thanks a lot for all the effort. This was really helpful.
Great Video. Very well explained. Keep up such Great work !
Many thanks 😊
❤️❤️❤️
sir, you have explained best way... thank you
Super like❤️
Excellent explaination sir.
Amit Sir....very helpful session...really appreciate your hard work.....👍🙏
Many thanks
Than k you..... Brilliant Explanation. Please how one go about for Trade Receivables using the Provision Matrix?
Not sure who is targeted public but I think in your accounting shemas you should explain/remind wich one are Asset/ Liability Or P&L .
Nice session. Please bring more conceptual trainings online
great explanation
Hi, thank you so much for this video.
I have a question, during stage 3 we account for interest on the impaired amount of the asset like you’ve mentioned. However, if we receive interest from the debtor on the gross amount of the asset as originally stipulated, what would be the journal entry?
Using your example, 6% on 1,000,000:
Dr. Bank 60,000
Cr. Interest (6% * 680,000) 40,800
Cr. Deferred revenue? 19,200
If the above journal entry proves right, how is deferred revenue amortised to P&L?
How 6,80,000 value has come
Sir one question, this Credit loss goes into Balance sheet in provision account ?? What about RWA , does it get part of balance sheet or off balance sheet or a just a RWA report
So good. thank you :)
brilliant explanation
Nice Presentation. Thank You
extremely nice presentation
Sir, can you help me in further detail impairment when financial assets are valued at fair value through OCI or Amortised cost with account entries ?
Can you please make videos in Hindi-English both? Some terms are difficult to understand especially for Non CA’s. Appreciate your efforts!
Hi Saurabh. Thanks for the comments. The lectures are prepared not only for CAs but also for every one else. It is not expected that I would do a Hindi English mix lecture sooner.
Superb
Hi,
Can you kindly show the accounting entries how to present effective income based on 680K, as we actually receives the whole income from the instrument, hence where these difference is going to
Even I’m interested in this.
How expected loss is arrived at $250000
Thanks a lot
Thank you, it was helpful
Many thanks 😊
can we write the GL entry for expected loss as below?-
Provision for Loan Loss
Dr.
Allowance for Loan Loss
Cr.