Bad Debts Provision and Expected Credit Losses
Andriy Sichka, creditologist
founder and managing partner at Credit Engineering
Of the five commonly known methods of risk management, hedging is the least straightforward. This is particularly true for trade credit risk, as it can be challenging to distinguish it from acceptance or mitigation. Hedging originates from the 'hard-to-digest' Prudence Concept in accounting. However, over years of practice, it has evolved into something significantly more useful than merely accruing Bad Debts Provisions.
The introduction of new International Financial Reporting Standards has advanced these methods even further. Since 2018, they have become a means to anticipate potential credit risk materialization rather than merely confirming obvious facts. In simple terms, the perspective on credit risk has shifted from looking at the past to focusing on the future.
In our next #MasterClass, we will simplify complex concepts, making them clear and easy to use. Join us online for free!
?? Credit Engineering LinkedIn page
?? Date: August 29th, 2024
?? Time: 2 pm CET
?? Registration: https://www.dhirubhai.net/events/7213504394581995520/
?? Prepare your questions and stay tuned for an enlightening discussion!
? Add the event to your calendar to avoid missing it
???? #CreditInn ???? Mexico with Luis Eduardo Perez Mata?
*the precise date and time will be announced later.
Trade Credit Solutions by Credit Engineering
If you have any needs pertaining to:
- High-Quality International Credit reports on any company on the globe
领英推荐
- Professional Creditworthiness Evaluation
- Comprehensive Trade Credit Structuring
- Bespoke Portfolio Analytics for your AR portfolio
Please feel free to schedule a meeting with Andriy Sichka via the following link https://calendly.com/creditengineering/1h
or visit our website creditengineering.com
Trade Credit Decision-Making Masterclass
This course consists of effective methods and winning strategies for finding, aligning, and maintaining optimal credit limits, payment terms, and security requirements for any trade credit transaction. By proactively establishing clear and mutually beneficial terms from the outset, companies can significantly reduce the incidence of overdue payments and bad debts. This not only preserves valuable customer relationships but also contributes to a healthier bottom line.
If you wish to become a master of credit terms structuring for customers and suppliers join us online and become one, join us via: https://www.udemy.com/course/trade-credit-decision-making/
??? #MasterClass Trade Credit Risk Outsourcing Record
Stay tuned, there are more interesting?events?ahead!
Bon Crédit ??
Andriy SICHKA
managing partner
creditologist
3 个月Nadiya Zazulyak many thanks for your kind repost!