Does it necessary receivables after one year to be doubtful debts?

Question

The question focus to know whether there is a rule that after one year to receivables which have not been paid change to doubtful debts.

Answer 1

No it is not. There is no rule as such. No IFRS specifies a period afer which a debtor should be treated as doubtful. In fact as per IAS 39 you can not make a provision for a specific debtor simply because that debtor remains outstanding for a particular period. In other words IFRS does not permit provision for doubtful debts based on debtors aging. For instance you can NOT have a system where you provide 50% for  debtors outstanding between 06 to 12 months & 100 % provision for debtors outstanding over one year.

As per IAS 39 trade debtors are financial assets and therefore you have to test debtors for any impairment losses.

Read this question & answers for more details:
http://***.ifrsanswer.***/1/general-provision-for-doubtful-debts

Answer 2

Yes MySio is correct. There is no such rule.