On July 24th 2014 the IASB has issued the final version of the international accounting standard IFRS 9 financial instruments replacing the existing IAS 39 standard. The new Standard will come into effect on January 1st 2018 with earlier application permitted.
The package of improvements introduced by IFRS 9 is based on a three phase model:
The Bank Analyzer in the scenario Accounting for Financial Instruments (AFI) offers the automated calculation and posting of the values for risk provisioning, (partial) depreciation and unwinding with the SAP component impairment processes. In doing so, source data, attributes, and results are persisted in the Bank Analyzer and are therefore also available for reporting in addition to accounting.
For a credit officer "gwantec Impairment Workplace" is the interface to communicate with the SAP Impairment solution of the SAP Bank Analyzer. The employee is offered a modern interface (web based or classic SAP GUI) that he can use to view, edit, sign, and release all data relating to an impairment case. The web-based interface gives you the opportunity to use the software in a location- and device-independent manner (in compliance with the company's IT, security and secrecy guidelines).
