Insurance Financial Statements
section 5.2 begins with a general introductory framework for insurance accounting: section 5.2.1 reviews the main provisions of the accounting directive for insurance companies and section 5.2.2 analyzes the rules introduced by the IFRS 4 on insurance contracts;
section 5.3 examines the main evolution of the IFRS discipline on insurance accounting: section 5.3.1 summarizes the basic ideas contained in the 2007 Discussion Paper, while section 5.3.2 describes the structure of the 2010 Exposure Draft;
section 5.4 provides some first comments on the most relevant aspects of the Exposure Draft: the measurement model (section 5.4.1), the acquisition costs of insurance contracts (section 5.4.2) and the proposal for a new income statement for insurance companies (5.4.3);
section 5.5 presents some final remarks.
KeywordsCash Flow International Financial Reporting Standard Insurance Contract Income Statement Financial Account Standard Board
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