Value of the organization’s contra asset account set up as a provision for a potential future loss of capital that has been lent out by the organization as of the end of the reporting period.
Value of the organization’s contra asset account set up as a provision for a potential future loss of capital that has been lent out by the organization as of the end of the reporting period.
This metric is intended to capture the reduction in the recoverable amount of a fixed asset below its book value.
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
No change.
March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to definition language for clarity.
November 2011 - IRIS v2.2 Released
No change.
February 2011 - IRIS v2.1 Released
No change.
September 2010 - IRIS v2.0 Released
New metric. Impairment Loss Allowance (FP2392) was developed via the Financial Services Working Group.