Honestly you have no clue. I’m an ACA and I know how AASB 9 is supposed to work in principle.
Previously you were only allowed to recognise specific provisions against debts until Fy18/19 (backward looking).
The credit loss provision is forward looking and in the commercial world it’s a way of moving revenue into the next FY. As it’s forward looking it’s an estimate and is easily manipulated.
It’s like overaccruing on expenses at year end. Another way of carrying profits forward.
Can you now go away and draw a little chart or something with no context.
Thanks
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Honestly you have no clue. I’m an ACA and I know how AASB 9 is...
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