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IFRS 17
PAA Versus GMM: Measuring One Eligible Group Under Both IFRS 17 Models
One group of one-year motor policies, measured twice under IFRS 17: once under the general measurement model and once under the premium allocation approach.
IFRS 17 Level of Aggregation: Portfolios, Annual Cohorts and Onerous Groups
Before an insurer measures anything under IFRS 17, it has to decide what it is measuring.
IFRS 17 Presentation: Insurance Revenue and the P&L Reimagined
Under IFRS 17 the top line of an insurer's profit or loss is no longer premiums.
IFRS 17: The CSM Roll Forward Under the GMM, Step by Step
Emma and Daniel follow the contractual service margin through one reporting year under the general measurement model: interest at the locked-in rate, changes…
IFRS 17: Separating Components, From One Premium to Many Parts
One premium can buy cover, savings, a guarantee and a service.
IFRS 17 Recognition: When a Group of Contracts Goes on the Books
Emma and Daniel explain the three IFRS 17 recognition triggers, why the onerous test can come before cover starts and how a loss can appear on day one.
IFRS 17 Fulfilment Cash Flows: The Unbiased Estimate and the Contract Boundary
Why is the IFRS 17 estimate of future cash flows not the most likely outcome, which cash flows belong in it and where does a contract end?
IFRS 17: The CSM at Initial Recognition, Explained
Why can't an insurer book the profit on a well-priced group of contracts on day one?
IFRS 17 Discount Rates: Bottom-Up, Top-Down and What the Rate Must Reflect
Which discount rate does IFRS 17 let an insurer use, and how is it defended?
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The Statement of Changes in Equity: Profit, Dividends and Presentation Choices
Explore how profit and dividends affect equity, why a distribution differs from an expense and when alternative presentation formats are available.
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What a Junior Accountant Does in the First Ninety Days
Emma and Daniel explore the records, checks and monthly routines behind a junior accountant's first role.