THE ACCOUNTING ISSUES OF LOSS ALLOWANCE ON IMPAIRED ASSETS
Journal Title: Вісник Одеського національного університету. Економіка. - Year 2017, Vol 22, Issue 3
Abstract
The aim of the article is to study the economic and accounting nature of differences arising between the accrued income and bank’s revenues when counting income on impaired assets. The study determined that this difference is a part of loss allowance. This conclusion bases on the comparison of accounting of book value components of working and impaired assets. When reviewing accounting postings of a reserve, a conclusion was made that the adjustment of the allowances on impaired assets arises in two ways: in correspondence with the bank costs due to changes in estimated cash flow and when accruing bank’s income if the asset is considered impaired.
Authors and Affiliations
K. M. Siukhina
Keywords
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