Melanie Goetz

Melanie Goetz


What to consider when granting payment holidays under IFRS 9 — impact on ECL

In my previous article, I discussed the accounting considerations when assessing whether or not a substantial modification exists regarding COVID-19 measures taken by lenders, such as payment holidays or moratoria. As promised, in this article I will explore the impact of these measures on the expected credit loss (ECL) model in more detail. As communicate […]
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Granting payment holidays under IFRS 9 — substantial modification or not?

To mitigate the adverse economic effects of the COVID-19 pandemic, and in recognition of the financial stress that borrowers are facing, lenders have started providing measures to borrowers under their own pre-existing or new programs. These include debt renegotiations or cash flow rescheduling of the interest or principal. Additionally, governments and central […]

Covid-19’s impact on financial reporting

Covid-19 is extending its reach worldwide, and companies and governments alike are taking laudable measures to respond to the health, societal and economic threats posed by the virus. In this blog article, we would like to provide some guidance for businesses looking to assess the impact the virus will have on their operations, and the domino effect that this wi […]

Impairment of goodwill: will the IASB reintroduce previous requirements?

With the adoption of IFRS 3 Business Combinations in 2004, the International Accounting Standards Board (IASB) abolished the amortization of goodwill and introduced an impairment-only approach. In the years after the adoption, however, the Board soon noticed a couple of problems. Firstly, the mandatory impairment test is both costly and subjective. Secondly, imp […]
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IFRS 15 for real estate companies: principal or agent?

In my last article, I provided an overview of the requirements for determining whether an entity is acting as a principal or an agent. I want now to look at this topic in more detail, and with a focus on the real estate sector—where it can be a considerable challenge. Rental contracts have a leasing component accounted for under IFRS 16 Leases, as well as ( […]

IFRS 15: are you a principal or an agent?

“When another party is involved in providing goods or services to a customer, the entity shall determine whether the nature of its promise is a performance obligation to provide the specified goods or services itself (i.e. the entity is a principal) or to arrange for those goods or services to be provided by the other party (i.e. the entity is an agent)…” […]
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