ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 9, Number 3, Year 2021EXHAUSTIVE IMPACT OF IFRS 17 IN THE CONTEXT OF THE ACCOUNTING OF INSURANCE CONTRACTS | Download | Author(s): Cristina Pasinschi, Elena Hlaciuc, Svetlana Mihaila | DOI: 104316/EJAFB.2021.9311 | | Abstract: IFRS 17 "Insurance Contracts" represents a new stage in the interpretation and accounting of Insurance Contracts. The need to apply this Standard is imperative in the context of the continuous development of the Insurance field, both nationally and internationally. Given the fact that IFRS 17 "Insurance Contracts" replaces the implemented standard IFRS 4 "Insurance Contracts", we tried to identify the particularities and innovative elements that are brought with the implementation of the new standard. One of the limitations of the study is that the standard is not yet widely applied, so we have less information on its applicability. At the same time, it stimulates us to carry out a larger study that would serve as a support for the entities that are to implement IFRS 17 "Insurance Contracts". The topicality of the subject is determined first of all that this standard has a mandatory character of application and a new vision on the accounting methods of the Insurance Contracts | Keywords: Insurance Contracts; International Financial Reporting Standards (IFRS); Service Contract Margin (SCM); Audit | References: 1. Abdallaha, A.N., Abdallahb, W., Salamaa, F. (2018), The Market Reaction To The Adoption Of IFRS In The European Insurance Industry, The Geneva Papers On Risk And Insurance-Issues And Practice, 43(4), 653-703.
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7. Grosu, V., & Mihaila, S. (2019). Efectele Implement?rii IFRS Asupra Situa?iilor Financiare. In Contabilitatea ?i Educa?ia Contabil? în Societatea Digital? = Accounting And Accounting Education In The Digital Society, (pp. 144-149), VIII Editiona, 4-5, April, Chi?in?u: Moldova. Retrieved July 23, 2021 From Http://irek.ase.md:80/xmlui/handle/1234567890/37
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14. PwC (2017). IFRS 17: Redefining Insurance Accounting, 1-10. Retrieved September 14, 2021 From Https://www.pwc.com/sg/en/insurance/assets/ifrs17-redefining-insurance-accounting.pdf
15. ?i?canu, L. (2017). Noul Standard De Raportare Financiar? „Contracte De Asigurare” ?i Impactul Acestuia Asupra Sistemelor Financiare, Aportul Inova?iilor în Cre?terea Economiei Republicii Moldova, 229-233. Retrieved July 3, 2021 From Https://ibn.idsi.md/sites/default/files/imag_file/229-235.pdf
16. Tucker, G., Kay, A. (2017). Overview And Practical Considerations Of The New Insurance Contract Standard: IFRS 17, 1-6. Retrieved September, 15 2021 From: Https://www.milliman.com/media/milliman/importedfiles/uploadedfiles/insight/2017/ifrs17-overview-practicalconsiderations.ashx
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