ACCA SBR ^UK Syllabus C. Reporting The Financial Performance Of A Range Of Entities - Purchased Or Originated Credit-Impaired Financial Assets - Notes ^{14 / 14}

So here the asset is credit-impaired immediately

Eg.

1. Significant financial difficulty of the borrower; 
2. A default 
3. Probable that the borrower will enter bankruptcy 
4. The disappearance of an active market for the financial asset

• Show lifetime expected losses immediately