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27 wrz 2023 · IFRS 17 establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of the standard. The objective of IFRS 17 is to ensure that an entity provides relevant information that faithfully represents those contracts.
IFRS 17 establishes the principles for recognition, measurement, presentation and disclosure of the contracts within the scope of IFRS 17 (see below). The objective is to make sure that entities provide relevant information faithfully representing insurance contracts.
IFRS 17 is the first comprehensive and truly international IFRS Standard establishing the accounting for insurance contracts. analyse trend information about insurance contracts. When applying IFRS 4, companies are not required to account for insurance contracts in one specific way.
IFRS 17 replaces IFRS 4 and sets out principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of IFRS 17. In June 2020, the Board issued Amendments to IFRS 17.
summary highlighting what is new and different in IFRS 17 compared to the disclosure requirements in IFRS 4. • To illustrate a level of disclosures for insurance and
First Impressions: IFRS 17 Insurance Contracts © 2020 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved. 1S 17 at a glance IFR IFRS 17 introduces a new measurement model for insurance contracts and becomes effective in 2023. 1.1 Key facts Topic
IFRS 17 is the first truly international IFRS Standard for insurance contracts. IFRS 17 replaces IFRS 4 Insurance Contracts. When introduced in 2004, IFRS 4—an interim Standard—was meant to limit changes to existing insurance accounting practices.
