The implementation of the International Financial Reporting Standard (IFRS) 9 is likely to drive higher provisions for Saudi banks in the near-term, with lenders set to exercise greater caution to ...
Standard & Poor’s (S & P) Ratings Services has threw its weight behind new provisions aimed at enhancing disclosures under the International Financial Reporting Standards (IFRS). The global rating ...
Banks are concerned about higher provisioning burden from a full IFRS 9 compliance A sudden tightening on IFRA 9 compliance would translate into higher provisions that banks need to factor in. Gulf ...
Dubai: The implementation International Financial Reporting Standards 9 (IFRS 9) from January 2018, a game changer for banks across the world, is unlikely to result in any massive spike in provisions ...
Learn how general provisions function as financial safeguards, set aside by companies to cover potential future losses, and ...
International Finance Reporting Standard (IFRS) comes with laudable objectives. It is a concept meant to sanitise accounting practice in order to achieve corporate goals. To ensure that companies ...
One important aspect to be kept in mind is that the preparation of the opening IFRS balance sheet will be based on the IFRS guidance as prevalent at the annual reporting date (i.e., 31 March 2012) and ...
Dubai: The implementation International Financial Reporting Standards 9 (IFRS 9) from January 2018, a game changer for banks across the world, is unlikely to result in any massive spike in provisions ...
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