METHODOLOGICAL ASPECTS OF CREDIT RISK ANALYSIS ACCORDING TO FINANCIAL STATEMENTS

Abstract

The article proposes a checklist for the analysis of credit risk based on the data of financial statements in the IFRS format. The types of assets that form the credit risk of a business are considered. An approach to the analysis of the structure and dynamics of changes in these assets is demonstrated. Shown are examples of reflection in business reporting: accounts receivable resulting from the sale of goods with payment by installments for more than one year; provision for credit losses arising from the transfer of the expected due date. Demonstrated options for calculating the expected credit loss, depending on the change in credit risk for the reporting period and the likelihood of a client's default. An example of the analysis of accounts receivable and provision for expected credit losses, distributed by age, is presented. An example is provided showing how compilers can manipulate financial statements using a provision for credit losses.