Case Studies

aietes is an independent management consultancy specialising in the financial sector. We support well-known clients with our tailor-made services in the following areas Investment Processes, Project Frameworks, Regulatory and Business & IT Integration.

aiestes case studies

IFRS 9 - Impairment (EN)

Challenge

The "incurred loss model" in accordance with IAS 39 (portfolio and specific loan loss provisions) is replaced by the three-stage "expected credit loss model" of IFRS 9 for calculating risk provisions. In addition to complex design decisions and extensive process and IT adjustments, this requires greater cooperation between accounting and risk management. In addition to the complex three-step standard approach of IFRS 9, far-reaching special regulations are required for financial instruments already impaired at the time of acquisition ("purchased or originated credit-impaired assets"; POCI assets) as well as dependencies on further regulations of IFRS 9, e.g. modifications. The notes disclosures on risk provisioning will be expanded extensively.

Procedure

  • As-is analysis and technical conception
  • Adjustment of the risk provision calculation, evaluation and selection of suitable software if necessary
  • Adaptation of the posting logic and charts of accounts
  • Adaptation of processes and IT architecture
  • Test of the implementation

Result

  • Practical technical conception
  • Consideration of balance sheet and income statement effects in design decisions
  • Audit-proof implementation
  • Observance of interfaces (e.g. FinRep)
  • Linking of business departments, IT and processes

Skills aietes

  • Sub-project management
  • Technical and process conception
  • Support in the selection of software providers
  • Accounting logic IFRS 9
  • Test Management
  • Interface know-how (FinRep etc.)

Your contact

Markus Wittenberg
Markus WittenbergSenior Manager

This email address is being protected from spambots. You need JavaScript enabled to view it.

+41 78 670 68 19

Reference projects

  • Preparation of technical and process concept and booking logic IFRS 9 Impairment (German credit institution)
  • Implementation of individual calculation methodology (German credit institution)
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Germany

aietes GmbH
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E-Mail: info@aietes.de

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