Application of PSAK 109 Accounting Standards

Accounting department nowadays must understand how to classify and measure financial assets. They also need the capability to calculate Expected Credit Loss (ECL) for financial instruments—especially trade receivables.

After completion of this program, participants will be able to:

• Classify financial instruments based on their characteristics.
• Calculate ECL and perform appropriate segmentation prior to the calculation.
• Explain Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and Macro-Economic Variables (MEV)
• Apply both collective and individual approaches to ECL calculation.
• Identify relevant macro-economic variables and incorporate them into forward-looking assessments when performing ECL calculations.