Important Points for IC 26 - Life Insurance Finance Exam

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  • With the adoption of IFRS 4 Insurance Contracts, the financial statements will be more transparent and comparable across world.
  • Under IFRS 4, if an insurer changes its accounting policies for insurance liabilities, it may reclassify a few or all of its financial assets as at
  • Main objective of IFRS 4 is to specify accounting for insurance contracts issued by insurers.
  • Under IFRS, debt instruments which the entity intends to hold to maturity are categorised as held to maturity.
  • International Financial Reporting Standards (IFRS) has been prepared by IASC.

Life Insurance Finance

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