{"product_id":"taxmanns-illustrative-guide-to-accounting-for-insurance-contracts-comprehensively-explains-ind-as-117-through-ifrs-17-concep","title":"Taxmanns Illustrative Guide to Accounting for Insurance Contracts Comprehensively Explains Ind AS 117 through IFRS 17 Concep","description":"\u003cp\u003eIllustrative Guide To Accounting For Insurance Contracts Is A Comprehensive And ApplicationFocused Resource That Simplifies The Principles Of Ind As 117 (Insurance Contracts). Drawing Upon Ifrs 17 Concepts And Numerous Practical Examples, The Book Aims To Guide Readers Through The Complex Landscape Of Insurance AccountingFrom Identifying And Classifying Insurance Contracts To Advanced Topics Such As The General Measurement Model, Premium Allocation Approach, And Variable Fee Approach. It Also Discusses Disclosures, Transition Requirements, And Practical Case Analyses Based On Selected European Insurers Accounting Policies And Disclosures Under Ifrs 17.This Book Is Intended For The Following Audience: Insurance And Finance Professionals  Accountants, Controllers, Actuaries, And Financial Managers Working In Or With Insurance Companies Who Need A Practical, ExampleOriented Guide Auditors \u0026amp; Consultants  Professionals Engaged In Auditing Or Advising Clients On Ifrs 17\/Ind As 117 Compliance Regulators \u0026amp; Standard Setters  Those Involved In Formulating Or Reviewing Insurance Contract Accounting Guidelines Students \u0026amp; Academics  Scholars Of Finance And Accounting Who Want A Deeper Understanding Of Insurance Accounting Principles And Their Practical Implementationthe Present Publication Is The Latest Edition, Authored By T.P. Ghosh, With The Following Noteworthy Features: [Practical Focus] Emphasises Practical Application With 45+ Illustrative Examples Detailing Data Flows And Accounting Entries From Initial Recognition To Presentation In Financial Statements [Comprehensive Coverage] Addresses All Critical Aspects Of Ind As 117\/Ifrs 17, Including Insurance Contract Boundaries, Risk Adjustment, Discount Rate Selection, The Concept Of The Contractual Service Margin, Identifying Onerous Contracts, Etc. [Case Analyses Of European Insurers] Includes InDepth Reviews Of Ifrs 17Based Accounting Policies And Disclosures Of Leading European Insurance CompaniesSuch As Aegon N.V., Axa S.A., Aviva Plc., Munich Re, Cnp Assurances S.A., And Swiss Life [StepByStep Transition Guidance] Offers Insights On Transitioning From Ind As 104 To Ind As 117 And Understanding The Interplay With Ifrs 17 Requirements. [Authoritative Authorship] Authored By Dr T.P. GhoshA Highly Respected Educator And Author With Extensive Expertise In Indian Accounting Standards, Ifrs, And Corporate Accounting Practicesthe Coverage Of The Book Is As Follows: Key Principles Of Ind As 117O From Scope And Definitions To Advanced Measurement Approaches Insurance Accounting Modelso Detailed Examples Of The General Measurement Model, Premium Allocation Approach, And Variable Fee Approach Identification \u0026amp; Classificationo How To Distinguish Insurance Contracts From Other Financial Instruments, Plus Guidance On Separating Components Such As Embedded Derivatives Measurement Of Insurance Contract Liabilityo Methods For Estimating Future Cash Flows, Setting Discount Rates, And Determining Contractual Service Margins Onerous Contractso Identifying And Measuring Loss Components And Handling Subsequently Onerous Contracts Reinsurance Contracts Heldo Comprehensive Illustrations Of The Accounting Principles And Interplays Between Underlying Contracts And Reinsurance Disclosures \u0026amp; Transitiono Best Practices For Financial Statement Presentation, Plus Strategies To Implement Ind As 117 With Minimal Disruption Appendiceso Appendix I  Ind As 104 Offers A Historical Perspectiveo Appendix Ii  Amendments Introduced By Ind As 117 To Other Ind Assthe Structure Of The Book Is As Follows: Chapter 1 | Introductiono Background Of Ifrs 17\/Ind As 117, Objectives, Scope, And Scope Exclusionso Illustrative Case Showing Disclosure Of Ifrs 17\/Ind As 117 Impact Chapter 2 | Identifying Insurance Contractso Meaning And Scope Of Insurance Contractso Examples Of Significant Insurance Risk, Separating Components (Investment, Embedded Derivatives), And Level Of Aggregation Chapter 3 | Estimates Of Cash Flowso Techniques For Unbiased Projection Of Cash Flows Within Contract Boundarieso Risk Adjustment For NonFinancial Risk Chapter 4 | Selection Of Discount Rateso Guidance On Determining Appropriate Discount Rates And Handling Unobservable Inputs Chapter 5 | Recognition \u0026amp; MeasurementGeneral Measurement Modelo Detailed Examples Of Calculating Fulfilment Cash Flows, Contractual Service Margin, And Insurance Revenues\/Expenseso Treatment Of MultiPeriod Contracts And Separation Of Investment Components Chapter 6 | Onerous Contractso Identification Of Onerous Contracts, Establishment Of Loss Components, And Subsequent Reversals Chapter 7 | Premium Allocation Approach (Paa)O Conditions For Using Paa, Practical Examples, And Simplified Measurement Approaches For ShortDuration Contracts Chapter 8 | Variable Fee Approach (Vfa)O Insurance Contracts With Direct Participation Featureso StepByStep Illustrations Of Calculation And Presentation Under Vfa Chapter 9 | Reinsuran\u003c\/p\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":45907192873158,"sku":"DADAX9364550560","price":21.41,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0695\/9389\/1014\/files\/713m9QNTFAL.jpg?v=1780428609","url":"https:\/\/ergodemedia.com\/products\/taxmanns-illustrative-guide-to-accounting-for-insurance-contracts-comprehensively-explains-ind-as-117-through-ifrs-17-concep","provider":"Ergodemedia","version":"1.0","type":"link"}