Send us a text What happens when banks lend $13 billion to a billionaire with a Twitter addiction? Well, let’s just say IFRS 9 wasn’t built for this level of chaos. In this episode, we break down how banks classify investments in debt—Amortised Cost, FVOCI, or FVTPL—and how that classification suddenly matters a lot when your borrower is firing half the staff, scaring off advertisers, and offering AI equity as collateral. We explore: ✅ How banks originally classified X’s debt—and why they’re ...
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Send us a text What happens when banks lend $13 billion to a billionaire with a Twitter addiction? Well, let’s just say IFRS 9 wasn’t built for this level of chaos. In this episode, we break down how banks classify investments in debt—Amortised Cost, FVOCI, or FVTPL—and how that classification suddenly matters a lot when your borrower is firing half the staff, scaring off advertisers, and offering AI equity as collateral. We explore: ✅ How banks originally classified X’s debt—and why they’re ...
The Billionaire, the Banks, and the Balance Sheet Breakdown
AccountancyIQ
11 minutes
9 months ago
The Billionaire, the Banks, and the Balance Sheet Breakdown
What happens when banks lend $13 billion to a billionaire with a Twitter addiction? Well, let’s just say IFRS 9 wasn’t built for this level of chaos. In this episode, we break down how banks classify investments in debt—Amortised Cost, FVOCI, or FVTPL—and how that classification suddenly matters a lot when your borrower is firing half the staff, scaring off advertisers, and offering AI equity as collateral. We explore: ✅ How banks originally classified X’s debt—and why they’re now regretting ...
AccountancyIQ
Send us a text What happens when banks lend $13 billion to a billionaire with a Twitter addiction? Well, let’s just say IFRS 9 wasn’t built for this level of chaos. In this episode, we break down how banks classify investments in debt—Amortised Cost, FVOCI, or FVTPL—and how that classification suddenly matters a lot when your borrower is firing half the staff, scaring off advertisers, and offering AI equity as collateral. We explore: ✅ How banks originally classified X’s debt—and why they’re ...