Critical Accounting Estimates
BlueShore’s significant accounting policies are outlined in Note 3 to the consolidated financial statements.
The preparation of financial statements in accordance with IFRS requires the use of certain critical accounting estimates and requires Management to exercise its judgement in applying BlueShore’s accounting policies.
Changes in assumptions may have a significant impact on the consolidated financial statements in the period the assumptions are changed. The principal areas involving a higher degree of judgement or complexity and/or areas that require significant estimates are described in the table below. Please also see Note 4 of the consolidated financial statements for additional discussion of Management’s use of estimates and judgements.
Further Relevant Information
| Item | Consolidated Financial Statements | Management Discussion & Analysis |
|---|---|---|
| Allowance for credit losses | Note 9 | Credit Quality / Allowance for Credit Losses |
| Fair value of financial instruments | Note 5(g) | |
| Securitizations and derecognition of transferred financial instruments | Note 16 | |
| Retirement benefit liability | Note 18 | |
| Income taxes | Note 24 |
Future Changes to Accounting Policies
There are no standards issued by the International Accounting Standards Board (IASB) effective for annual periods beginning after January 1, 2023 that are expected to materially impact BlueShore's future financial statements.