Details

Service: Audit
Industry: Financial Services
Type: Business and industry issue
Date: 2011/09/29

Financial Services

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IFRS Practice Issues for Banks: Loan acquisition accounting

Market conditions over the past few years have changed the level and nature of loan portfolio sales and acquisitions. However, loan purchases, including those that are part of business combinations, have continued to make it possible to acquire loans suited to risk appetite without the need to complete full origination processes. They have also enabled buyers to take advantage of attractively priced portfolios of loans.

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IFRS Practice Issues for Banks: Loan acquisition accounting (1.2MB)

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Acquisition of loans can involve complex accounting issues or a need to apply general accounting guidance to the specific circumstances of a business combination or a direct loan acquisition. This publication discusses some of these issues and provides practical examples. It addresses initial recognition, classification and subsequent measurement of loans acquired either separately or as part of a business combination.

Contact

Trevor Hoole
Head of Markets: Financial Services
Tel: +27 (0)11 647 7276
trevor.hoole@kpmg.co.za

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