Answer: 1. Withdrawal and reversal of impairment reserve.

An enterprise shall calculate the expected credit loss of financial instruments (or combinations of financial instruments) on the balance sheet date. If the expected credit loss is greater than the book amount of the current impairment reserve of the instrument (or portfolio), the enterprise shall recognize the difference as impairment loss and debit the "credit impairment loss" account. According to the types of financial instruments, credit "loan loss reserve", "debt investment impairment reserve", "bad debt reserve", "contract asset impairment reserve", "rental receivable impairment reserve", "estimated liabilities" (used for loan commitments and financial guarantee contracts) or "other comprehensive income" (used for debt assets measured at fair value and whose changes are included in other comprehensive income, enterprises can set up a secondary subject "Other comprehensive income" If the estimated credit loss calculated on the balance sheet date is less than the book amount of the current impairment reserve of the instrument (or portfolio) (for example, this may happen when the impairment reserve is measured according to the estimated credit loss of the whole duration for the next 65,438+02 months), the difference shall be recognized as impairment reserve, and the opposite accounting entries shall be made.

2. Write off financial assets with credit losses.

If an enterprise actually suffers from credit losses and finds that the relevant financial assets cannot be recovered, and it is approved to write them off, it shall debit the subjects such as loan loss provision and credit the corresponding asset subjects such as loans, accounts receivable and contract assets according to the amount approved for write-off. If the write-off amount is greater than the provision for loss, the "credit impairment loss" shall also be debited according to the difference.

Therefore, enterprises should make provision for credit impairment according to the above provisions, turn back the credit impairment losses, and write off the financial assets with credit losses.

Is credit impairment loss an income expense?

Credit impairment loss belongs to the expense category in the profit and loss account, and the loss increases the debit and the loss decreases the credit. Consistent with the situation reflected by asset impairment losses, it belongs to the expense category in the income statement.

How to calculate the amount of credit impairment loss? The above not only introduces the calculation and writing of impairment, but also tells you how to make entries in the account when write-off occurs later. Credit impairment loss is a profit and loss account, which directly affects the income. There are still many knowledge points about this part, so you can continue to pay attention to the information to bring you more content.