| Executive Summary |
| I. Introduction |
| | (a) Objectives |
| | (b) Scope |
| | (c) Background |
| | (d) Outline of paper |
| | (e) Terminology |
| II. Foundations for Sound Accounting |
| III. Accounting for Loans |
| | (a) Recognition, discontinuing recognition and measurement |
| | (b) Impairment - recognition and measurement |
| | (c) Restructured troubled loans |
| | (d) Adequacy of the overall allowance |
| | (e) Income recognition |
| IV. Public Disclosure |
| V. Emerging Issues |
| | (a) Fair value accounting and disclosure |
| | (b) New approaches to credit risk provisioning |
| VI. Role of Supervisors |
