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IFRS 9 Credit Losses After a Hurricane: Receivables, Contract Assets & Overlays (Policyholders / Non-Insurers)

November 3, 2025by Dr Dawkins Brown

Applying IFRS 9 Expected Credit Loss (ECL) to trade receivables, contract assets and other short-term financial assets after a natural disaster—staging, overlays, forbearance, write-offs, recoveries, and disclosures. Links to IFRS 15 (contract assets), IAS 1/10 (presentation & events), IAS 12 (tax), IAS 37 (provisions). Hurricanes reshape credit risk overnight. IFRS 9 requires forward-looking ECL that...

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Leases & Site Access After a Hurricane: IFRS 16 for Lessees (Policyholders / Non-Insurers)

November 3, 2025by Dr Dawkins Brown

Applying IFRS 16 to post-disaster scenarios for lessees—ROU asset impairment, rent concessions, lease modifications, onerous service components, and disclosures. Links to IAS 36, IAS 37, IAS 1/10, IAS 20. When a hurricane shutters facilities or disrupts logistics, leases become central: sites may be unusable, landlords may offer rent abatements, and you may need short-term swing...

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Events After the Reporting Period: Adjusting vs Non-Adjusting, Going Concern & Disclosure (Policyholders / Non-Insurers)

November 3, 2025by Dr Dawkins Brown

Applying IAS 10 Events after the Reporting Period (with IAS 1 going concern & presentation) when hurricanes strike near period-end—what you adjust, what you disclose, and how to keep your financial statements credible and audit-ready. When a hurricane occurs around period-end, the hardest calls are timing calls. Under IAS 10: Adjusting events provide evidence of...

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Business Interruption & Revenue Disruptions: Accounting, Evidence, and Disclosure (Policyholders / Non-Insurers)

November 3, 2025by dglobal

Post-hurricane treatment of business interruption (BI) and revenue impacts for policyholders under IAS 37, IFRS 15, IAS 1, IAS 10, IFRS 9, with links to IAS 16/IAS 36. Hurricanes cut output, close sites, and break supply chains. Finance teams must separate (1) accounting for operational revenue shortfalls from (2) accounting for insurance recoveries. Under IFRS:...

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Recognizing Insurance Recoveries: From “Probable” to “Virtually Certain” (Policyholders / Non-Insurers)

November 3, 2025by dglobal

When and how policyholders recognize insurance recoveries for asset losses, cleanup costs, and business interruption—without netting losses—under IAS 16, IAS 37, IAS 1, IAS 10, IFRS 9, IFRS 15. After a hurricane, finance teams must book losses first (write-offs, impairments, provisions). Accounting for insurance recoveries comes later—and only when thresholds are met: PPE losses (IAS...

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Inventories & Work-in-Progress: Losses, Write-downs, and Reversals (Policyholders / Non-Insurers)

November 2, 2025by Dr Dawkins Brown

Applying IAS 2 Inventories after hurricanes—classifying losses, determining NRV, handling WIP/long-term jobs, documenting reversals, and aligning with claims (without netting insurance) Hurricanes wreak havoc on stocks of raw materials, WIP, finished goods, and spare parts. Under IAS 2, inventories are carried at the lower of cost and net realizable value (NRV). Post-storm, NRV often collapses...

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Property, Plant & Equipment (PPE): Damage, Derecognition, and the Rebuild (Policyholders / Non-Insurers)

November 1, 2025by Dr Dawkins Brown

After the Storm: IFRS Guidance for Policyholders Applying IAS 16 (with links to IAS 36, IAS 37, IAS 23, IAS 20, IFRS 16) to storm-damaged assets—from first loss recognition to commissioning the rebuilt site—without netting against insurance. Hurricanes stress-test the entire PPE life cycle. In the days after impact, finance teams must (1) separate loss...

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Impairment Triggers and Cash-Generating Unit (CGU) Testing in Disaster Scenarios (Policyholders / Non-Insurers)

November 1, 2025by Dr Dawkins Brown

How to identify impairment triggers, define CGUs, measure recoverable amounts, and disclose judgments after a hurricane Executive Summary Hurricanes create classic impairment triggers: physical damage, idle capacity, cost spikes, customer loss, and uncertain rebuild timelines. For policyholders / non-insurers, getting IAS 36 Impairment of Assets right—quickly and defensibly—is essential to credible reporting and smooth claim...

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Day 0–30: Accounting Triage After a Hurricane (Policyholders / Non-Insurers)

November 1, 2025by Dr Dawkins Brown

After the Storm: IFRS Guidance for Policyholders What to do in the first 30 days to capture losses, document insurance claims, and comply with IFRS Executive Summary The first month after a hurricane is a race against time: assets are damaged, operations disrupted, and cash needs surge. Financial reporting decisions you make now determine whether...

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INSURE360™ Part 2: Waiting 72 Hours Could Cost Millions — Rethinking Business Interruption & Extra Expense Before the Storm

November 1, 2025by Dr Dawkins Brown

When a hurricane hits, the headlines focus on roofs and walls. But for most businesses, the bigger loss is time—days or weeks when revenue slows to a crawl while fixed costs keep marching on. That is the territory of Business Interruption (BI) and Extra Expense (EE) coverage. And it is where countless claims are short-paid...

Newer Posts

Older Posts

IFRS 9 Credit Losses After a Hurricane: Receivables, Contract Assets & Overlays (Policyholders / Non-Insurers)

Leases & Site Access After a Hurricane: IFRS 16 for Lessees (Policyholders / Non-Insurers)

Events After the Reporting Period: Adjusting vs Non-Adjusting, Going Concern & Disclosure (Policyholders / Non-Insurers)

Business Interruption & Revenue Disruptions: Accounting, Evidence, and Disclosure (Policyholders / Non-Insurers)

Recognizing Insurance Recoveries: From “Probable” to “Virtually Certain” (Policyholders / Non-Insurers)

Inventories & Work-in-Progress: Losses, Write-downs, and Reversals (Policyholders / Non-Insurers)

Property, Plant & Equipment (PPE): Damage, Derecognition, and the Rebuild (Policyholders / Non-Insurers)

Impairment Triggers and Cash-Generating Unit (CGU) Testing in Disaster Scenarios (Policyholders / Non-Insurers)

Day 0–30: Accounting Triage After a Hurricane (Policyholders / Non-Insurers)

INSURE360™ Part 2: Waiting 72 Hours Could Cost Millions — Rethinking Business Interruption & Extra Expense Before the Storm

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