简介：During the financial crisis,the delayed recognition of credit losses on loans and other financial instruments was identified as a weakness in existing incurred loss model of impairment stated by International Accounting Standards (IAS) 39,because it is believed that this delay might generate pro-cyclical effects.
简介：During the financial crisis,the delayed recognition of credit losses on loans and other financial instruments was identified as a weakness in existing incurred loss model of impairment stated by International Accounting Standards (IAS) 39,because it is believed that this delay might generate pro-cyclical effects.