Differences in evaluation of the individual credit risk of corporate clients on the basis of reporting generated according to IFRS and NFRS
During the last decades global economy has been experiencing a number of crises, which makes it possible to review the approaches to the evaluation of the economic entities solvency and amount of credit risk that is actually assumed by a bank. The article highlights the principles grounded in IFRS 13: Fair Value Measurement, IFRS (AIS) 16 Property, Plant and Equipment, IFRS (AIS) 18 Revenue, and compared to the principles and implementation of the national standards of accounting. The author reveals a number of key aspects to take into account during analysis the real state of art at the enterprise and adequate risk assessment that is assumed by a bank.