IFRS standards are established in order to have a common accounting language, so business and accounts can be understood and compared from company to company and from country to country. IFRS 4 explains how to disclose insurance contracts, but to put it simple, there are too many issues with IFRS […]
Tag: implementation
The transition timelines
Official implementation process IFRS 17 is effective from the beginning of 2022 (taking into account the year delay) which means you have to report IFRS 17 numbers from the quarterly reports from Q1 2022. Not every company has Quarterly reports, but if the insurer does have quaterly reports and discloses […]