How will new reporting standards impact the calculation of Effective Interest Rates?
Since the introduction of FRS 102, and in anticipation of mandatory IFRS 9 adoption, the financial services sector is subject to a new series of challenges. One of these is in the area of income recognition and how a business calculates the Effective Interest Rate (EIR) taking into consideration the expected life of different assets and the associated treatment of fee income and costs.
MFG is hosting a webinar, with guest speakers from KPMG and Whistlebrook, to explore the complexities associated with EIR. The webinar will consider the risks of addressing this complex area with spreadsheets and explore how a Fintech solution could address the challenges.