Related Resources
Educational materials
Explanatory materials including the principle(GM, PAA, VFA) proposed in IFRS 17 standard and issues that may arise in actual application.
Explaining the accounting process and presenting the results of journal entries for illustrative examples of IFRS 17 stantard.
Educational materials on financial system structure, IFRS and risk management of insurance companies.
Proposes a method for constructing a verification system of to ensure accounting consistency under IFRS 17.
Commentary on IFRS17
IFRS 17 has many changes compared to IFRS 4, so it is expected to have a big impact on the domestic insurance industry. Various issues are being discussed for interpretation and application of the standards due to the principle-oriented nature of accounting standards. Therefore, this document aims to enhance the understanding of IFRS 17 standard for interpretation and practical application of the standard, and has been prepared focusing on the interpretation of the standard, major issues, and applicable alternatives using domestic and foreign reference materials.
Contents of IFRS17 standard
It was created for the purpose of increasing accessibility to the IFRS 17 standard and making it easier to see the application guidelines and the basis for conclusions related to the paragraph of the standard. According to the table of contents of the IFRS 17 standard, it consists of the main paragraph, defined terms, application guidelines, basis for conclusions, and application examples, and the contents of the standard can be easily checked anytime, anywhere.