| Nº Sistema |
000474125 |
| Autor |
 Buesa, Alejandro |
| Autor |
Población, Javier |
|
Tarancón, Javier |
| Título |
The procyclicality of impairment accounting [Recurso electrónico] : comparing expected losses under IFRS 9 and US GAAP / Alejandro Buesa, Javier Población, Javier Tarancón. |
| Publicado en |
Journal of Financial Services Research [Artículos], v. 64, 2023, p. 303–324 |
| Nota general |
Artículo de revista |
| Resumen |
In this paper, we aim to compare the cyclical behavior of credit impairments in the P&L account under three accounting regimes: IAS 39, IFRS 9, and US GAAP with the CECL update. Our results show that although IFRS 9 is less procyclical than IAS 39, it remains more procyclical than CECL. The difference comes from accounting for the expected loss in one year in the case of IFRS 9, while CECL accounts for expected losses over their lifetime. This accounting comes at the cost of a large increase in provisions that occur primarily during longer contractionary phases. However, the length and shape of the cycle matter more under IFRS 9. [Resumen de autor] [eng] |
| Restricciones |
Acceso electrónico RESTRINGIDO por IP a los usuarios de la Biblioteca del Banco de España |
| Acceso electrónico |
 Acceso al texto completo. |
| Relacionado con |
Documentos de trabajo / Banco de España; 2003 |
| Clasificación |
G51-Créditos. |
|
G7-Regulación y supervisión de instituciones financieras. |
|
G81-Normativa contable. |
|
G82-Contabilidad financiera. |
