Question
Under the proposed framework on ECL model for bank,
interest income will be recognised on what basis for stage 3 assets?Solution
Interest recognition in respect of Stage 3 assets should be on the basis of actual receipt of cash flows and not on an accrual basis. This approach is consistent with the approach in US GAAP which permits banks to place financial assets on nonaccrual basis if the cash flows cannot be reliably estimated.
The heating system is the bane of my life as it always keeps breaking down.
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He is always praised for his gift of the gab.
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In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
To get bent out of shape
an idea that is based on feeling and for which there is no proof
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In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
