IFRS 4 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) providing guidance for the accounting of insurance contracts. The standard was issued in March 2004, and was amended in 2005 to clarify that the standard covers most financial guarantee contracts.[1] Paragraph 35 of IFRS also applies the standard to financial instruments with discretionary participation features.[1][2]
IFRS 4 was intended to provide limited improvements to accounting for insurance contracts until the IASB completed the second, more comprehensive phase of its insurance accounting project.[1][3] The replacement standard, IFRS 17 was issued in May 2017 and will become effective on January 1, 2023, supplanting IFRS 4 at that time.[4]
^ abc"IFRS 4" (PDF). IASB. Retrieved 2014-09-13.
^Frasca, R.; et al. (March 2011). "Actuarial Practices Relating to Accounting for Insurance Pursuant to International Financial Reporting Standards" (PDF). American Academy of Actuaries. Retrieved 2014-09-13.
^Arthur, P. (May 2005). "Accounting challenges faced by the insurance industry" (PDF). Ernst & Young. Retrieved 2014-09-13.
standard, IFRS 17 was issued in May 2017 and will become effective on January 1, 2023, supplanting IFRS4 at that time. Generally, IFRS4 permitted companies...
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards...
Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation. The IFRS include The Conceptual Framework for Financial Reporting； The...
of IFRS 1 has benefits that outweigh the costs of adoption. IFRS 1 aims to ensure that an entity's first financial statements after adopting IFRS, and...
(IFRS) is a set of accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS...
In aviation, instrument flight rules (IFR) is one of two sets of regulations governing all aspects of civil aviation aircraft operations; the other is...
controlling standard is IFRS 16, "Leases" which an entity shall apply for annual reporting periods beginning on or after 1 January 2019. IFRS 16, phased out the...
IFRS 5 refers to the International Financial Reporting Standards relating to Non-current assets held for sale and discontinued operations. If a non-current...
and data. According to the International Financial Reporting Standards (IFRS), a financial asset can be: Cash or cash equivalent, Equity instruments of...
numbered in the same way as the International Financial Reporting Standards (IFRS). National Financial Reporting Authority (NFRA) recommend these standards...
assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to...
between US GAAP and IFRS is the fact that three fundamentally different concepts of capital and capital maintenance are authorized in IFRS while US GAAP only...
Performance in 4Q20 and 2020. http://www.vale.com/en/investors/information-market/quarterly-results/quarterlyresultsdocs/vale_ifrs_4q20_i%20v20210225_vf.pdf...
International Financial Reporting Standards (IFRS), formerly known as the International Accounting Standards (IAS). IFRS are issued by the International Accounting...
Standards with IFRS since 1998.[citation needed] The Law No. 208-FZ introduced IFRS into Russian legislation in 2010. Since 2012, IFRS have increasingly...
Financial Reporting Standards (IFRS). The SEC staff research included including convergence with IFRS and an alternate IFRS endorsement mechanism. In the...
2022. Retrieved 1 January 2014. "The move towards global standards". ifrs.org. IFRS Foundation and IASB. 2011. Archived from the original on 25 December...
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in IFRS and the field of forensic accounting itself benefit greatly due to the advantages found in the cash method of accounting according to IFRS. For...
or joint venture) over which two or more parties have joint control (IFRS 11 para 4). Joint control is the contractually agreed sharing of control of an...
mortality rate). It should not be confused with the infection fatality rate (IFR), the estimated proportion of people infected by a disease-causing agent...
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