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https://nccur.lib.nccu.edu.tw/handle/140.119/67498
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| Title: | 施行IFRS9對台灣壽險業的影響
The Impact of IFRS9 on the Life Insurance Industry of Taiwan |
| Authors: | 李麗芬
Lee, Nicole |
| Contributors: | 蔡政憲
Tsai, Jason
李麗芬
Lee, Nicole |
| Keywords: | 壽險業
台灣
Life Insurance Industry
Taiwan |
| Date: | 2013 |
| Issue Date: | 2014-07-14 11:35:42 (UTC+8) |
| Abstract: | IFRS 9 divides all financial assets into two categories - measured at amortized cost and measured at fair value (through profit or loss and through OCI). Equity instrument could be measured at fair value either through profit or loss or OCI. Debt instruments could be measured at amortized cost if the objective of the business model is collect contractual cash flows and the cash flows of debt instruments pass cash flow characteristic test.
Under IFRS 9, assets reclassification is permitted only when the company changes its business model for managing its financial assets. Such changes are expected to be infrequent. Any reclassifications should be accounted for prospectively.
An insurance company’s major objective is managing their assets and liabilities in a way that seeks to match cash out flows to existing policyholders with inflows from investments and from new policyholders.
In according to the proposed IFRS 4 phase II, the present value of insurance liabilities would be updated at each reporting period, and the changes would be reported in profit or loss or OCI for the period. Classification of financial instruments should be evaluated carefully, otherwise accounting mismatch will exist.
Keywords: IFRS 9, Financial Assets Classification, IFRS4 Phase II, Cash Flows Characteristic Test, Accounting Mismatch |
| Reference: | PwC, 2010, Practical guide to IFRS-IFRS9,”Financial instruments”
Tamsin Abbey, Deloitte, November 2013 ,IFRS 4 Phase 2 Practical Implications
Deloitte, December 2012, IFRS in Focus / IASB issues proposal for limited amendments to IFRS 9
Deloitte, August 2012, IFRS9 Classification and Measurement Are you lost?
Deloitte, January 2012, Facing the challenge/ Business implication of IFRS 4,9 and Solvency II for insurers
Deloitte, 2008, IFRS in Real Estate
Ernst & Young, March 2014, IASB makes use OCI optional and confirms unlocking of the Contractual Service Margin
Ernst & Young, March 2013, IFRS Outlook, Insights on IFRS for Executives and Audit Committees
Ernst &Young, November, 2012, The IASB proposes limited amendments to IFRS9 classification and measurement model
Ernst &Young 1, January 2012, IFRS9: New mandatory effective date and transition disclosures
Ernst &Young 2, January 2012, Facing the challenge Business implications for IFRS 4, 9 and Solvency II for insurers
Ernst & Young, March 2012, Limited improvements to IFRS classification and measurement /The impact for insurance and next steps,
Ernst & Young, May 2012, Financial Instruments: classification and measurement — the GAAP differences continue to narrow
Ernst &Young, July, 2011, Measure by measure Synchronising IFRS 9 and IFRS 4 Phase II for Insurers
Ernst &Young, November 2009, IASB publishes IFRS9: Phase 1 of new standard to replace IAS 39
European Financial reporting Advisory Group, 17 June 2013, Classification and measurement of financial assets results of the field test conducted by EFRAG,ANC,ASCG,FRC and OIC
R. Venkata, November 2009, Salient differences between IAS 39 and IFRS 9 |
| Description: | 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
101933001
102 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0101933001 |
| Data Type: | thesis |
| Appears in Collections: | [國際經營管理英語碩士學程IMBA] 學位論文
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