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Impairment of Investments held in AFS
10-17-2011, 12:46 PM
Post: #1
Impairment of Investments held in AFS
Kindly confirm the treatment of impairment of Bond held as AFS

Before Impairment (asset is a Bond)
Asset at Fair Value 90
Asset Face Value 100
Fair value deficit (in equity) 10

When impaired entry is made
________________________________________
Impairment expense (In PnL) DR 10
Deficit on fair value (In equity) Cr 10
________________________________________

While the asset is still at 90 and there is no Provisioning liability, if further provisioning is not required.

kindly confirm
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Impairment of Investments held in AFS - ahsanalpha - 10-17-2011 12:46 PM
[] - kamranACA - 10-17-2011, 08:50 PM
[] - hmmm - 01-13-2012, 01:09 AM

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