Understanding and Reconciling Loss Provisions in Credit Unions – A Deep Dive into IFRS 9 and PEARLS Framework
The financial management landscape in credit unions is often navigated through distinct but intersecting frameworks: the International Financial Reporting Standard (IFRS) 9 and the PEARLS framework. While IFRS 9 offers a global standard for financial instrument reporting, the PEARLS framework caters specifically to the operational and managerial aspects of credit unions. This article aims to...