Ambit Focus provides support for the whole spectrum of impairment and impairment- related processes as depicted below.
IFRS 9 Financial Instruments is effective from January 1, 2018, with an option for early application. Furthermore, the Basel Committee on Banking Supervision emphasizes in its “guidance on accounting for expected credit losses” the general importance of a high-quality, robust and consistent implementation of expected credit loss accounting frameworks across all jurisdictions. The appropriate determination of how, when and in what amount to recognize the effects of increases in credit risk should be a priority for all stakeholders in the banking industry.
Source: www.fisglobal.com (FISGLOBAL Website)