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Expected Credit Loss for Trade Receivable

  • Writer: Thomas Tsang
    Thomas Tsang
  • Dec 13, 2019
  • 1 min read

We are required to apply simplified approach to measure the expected credit loss on lifetime basis. It can be estimated based on historical information. If the company is not able to compile with the Singapore Financial Reporting Standards 109, its financial statement may be qualified by the auditor.

 
 
 

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