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Bus/Financial - Business/Commerce (general) / Bank statement (Interim report) | | Danish term or phrase: Korrektivkonto | Hi,
The term Korrektivkonto is found in under : nedskrivninger på udlån & tilgodehavender (Impairment on loans and receivables), in an Interim report for a Danish bank.
The term is explained: I den löpande redovisningen används korrektivkonton för att balansera en verifikation som annars inte skulle balansera, dvs gå jämnt ut. (Source: http://www.blinfo.se/GetEobEntries.do?id=1042)
Cannot find the English correct term for this word.
Thank you |
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15 hrs confidence:   allowance or provision for credit or loan losses / loan loss provisioning or reserves (IAS 39)
Explanation:
allowance / provision for loan or credit losses booked for impairment losses on loans and receivables / loan loss provisioning or reserves (IAS 39)
sources (the first source in Danish has an explanatory flowchart in English on page 8)
[PDF] Nye regnskabsregler for nedskrivning af udlån m.v. -
www.kpmg.com/DK/.../nye-regnskabsregler-nedskrivning-udlån....
PDF/Adobe Acrobat - Quick View
Fremgangsmåden kan illustreres således: ***Allowance for credit losses. Profit or loss ... korrektivkontoen*** i balancen skal nedbringes tilsvarende. ...
PROVISION FOR CREDIT LOSSES DEFINITION
www.ventureline.com/...glossary/.../provision-for-credit-lo... -
PROVISION FOR CREDIT LOSSES, in lending institutions, is a charge to income which represents an expense deemed adequate by management given the composition ...
Allowance For Credit Losses Definition
www.investopedia.com › Dictionary -
Allowance For Credit Losses - Definition of Allowance For Credit Losses on Investopedia - An estimation of the debt that a company is unlikely to recover.
a related topic on page 11 under reference 2.3.4 in the first above source is the "Expected Loss over the Life of the Portfolio" (ELLP) model published by the European Banking Federation (EBF)
related references:
Basel Committee proposals could break IASB loan-loss deadlock ...
www.risk.net/.../basel-committee-proposals-break-iasb-loan-... -
29 Mar 2010 – ... model published by the European Banking Federation (EBF) on March 10, known as 'Expected loss over the life of the portfolio'. ...
[PDF] EBF COMMENT LETTER ON THE IMPAIRMENT SUPPLEMENTARY DOCUMENT
www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable...id.....
PDF/Adobe Acrobat - Quick View
1 Apr 2011 – The EBF supports the objective to match expected losses with ... 1) Expected losses should be recognized over the life of the portfolio ...
Tokyo, July 2010
www.slideshare.net/rogerkaiser/fin-arch-tokyojul2010 -
The EBF has developed the Expected Loss over the Life of the Portfolio (ELLP) model; Determination of expected loss on a portfolio level; New model should ...
further US sources:
Issues: Loan Loss Reserves
www.aba.com/Issues/Issues_LoanLoss.htm
Loan Loss Reserves. For a summary of how accounting for loan loss reserves fits into the FASB's and IASB's projects on financial instruments, click here. ...
[PDF] Loan Loss Reserves
www.richmondfed.org/publications/research/economic.../er770...
File Format: PDF/Adobe Acrobat - Quick View
JR Walter -
between loan, loss reserves, loan loss provision, provision for credit losses, and allowance for ..... the current accounting period is subtracted from cur- ...
[PDF] Accounting Discretion, Loan Loss Provisioning, and Discipline of ...
public.kenan-flagler.unc.edu/faculty/.../Accounting_Discretion_Final_JAE. ..File Format: PDF/Adobe Acrobat - Quick View
RM Bushman - 2011 -
Accounting Discretion, Loan Loss Provisioning, and Discipline of Banks' Risk-Taking. Abstract. Policy makers argue that loan loss accounting should allow ...
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Venezuela
Local time: 03:51
Native speaker of:  English
PRO pts in category: 22
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