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Institutions outside the US that want to apply the International Financial Reporting Standards IFRS 9 have few options available to them. Therefore, the accounting standard board has determined that the Discounted Cash Flow (DCF) approach for determining Estimated Credit Losses (ECL) is best suited for their purposes after careful deliberation.<br>For More Information Please visit: <br>https://www.ceclexpress.com/insights/discount-cashflow-why-it-makes-sense-and-what-it-needs<br>
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