ifrs 17 examples

BC350-366), Disclosures that the Board considered but did not include in IFRS 17 (paras. BC277-BC278), Recognition in profit or loss (paragraphs 44(e), 45(e) and B119-B119B of IFRS 17) (paras. BC238-BC269C), Insurance finance income or expenses on the contractual service margin (paragraphs 44(b) and 45(b) of IFRS 17) (paras. EFRAG TEG meeting 23 February 2017 Paper 02-02, Page 1 of 41. Measurement of insurance contracts acquired (paragraphs 38 and B94âB95) IE139 - IE151. BC279-BC283J), Onerous contracts (paragraphs 47-52 of IFRS 17) (paras. IFRS 17 is the ï¬rst comprehensive international accounting standard for insurance contracts issued by a company, including the reinsurance contracts. BC304-BC305A), Derecognition of underlying contracts (paragraphs 74-75 of IFRS 17) (para. Background . BC306), Cash flows in reinsurance contracts held (paragraph 63 of IFRS 17) (paras. The existing IFRS 4 does not prescribe It is prepared for illustrative BC7-BC15), Overview of the approach taken in the Standard (paras. BC402-BC404F), Early application (paragraphs C1 and C2 of IFRS 17) (paras. BC307-309F), Gains and losses on buying reinsurance (paragraphs 65-65A, 66A-66B and B119D-B119F of IFRS 17) (paras. Inception date of lease: The earlier of lease agreement and the date of commitment by the parties.The type of lease is identified at the date of inception. Integrated IFRS 17 solution - Build IFRS 17 capabilities through the introduction of an integrated solution that connects the finance and actuarial systems 3. 2. An expected profitable car insurance started in 2018 is an example group. 17, investors, boards and regulators need to understand the status of an entityâs IFRS 17 implementation project, the anticipated impact that IFRS 17 will have on financial reporting (including KPIs), and the key judgements, significant estimates, and assumptions made by Under IFRS 17, insurance acquisition cash flows are accounted for by including them in the cash flows expected to fulfil contracts in a group of insurance contracts. BC385-BC386), Comparative information (paragraphs C25-C28 of IFRS 17) (paras. Paragraphs 53â59 of IFRS 17 Insurance Contracts Paragraphs BC288âBC295 of the Basis for Conclusions on IFRS 17 Insurance Contracts Transition Resource Group for IFRS 17 This example was included as an Appendix to Agenda Paper 6 discussed at the 2 May 2018 Transition Resource Group for IFRS 17 (TRG) meeting. Example of IFRS 16 Leases Introduction. BC87-BC97), Separating components from an insurance contract (paragraphs 10-13 and B31-B35 of IFRS 17) (paras. Example 16: Financial assets & financial liabilities subject to offsetting . Both the income statement and balance sheet will change. BC347-BC371), Explanation of recognised amounts (paragraphs 97-116 of IFRS 17) (paras. BC399-BC401), Effective date (paragraphs C1 and C2 of IFRS 17) (paras. These Illustrative Examples accompany IFRS 17 Insurance Contracts (issued May 2017; see separate booklet) and are issued by the International Accounting Standards â¦ BC387-BC389A), Other transition issues (paras. Objective and background. Or book a demo to see this product in action. BC399-BC401) Effective date (paragraphs C1 and C2 of IFRS 17) (paras. IFRS 9 ï¬nancial instruments and IFRS 15 revenue from contracts with customers. I will continue in the above example of a warehouse. IFRS 17 Insurance Contracts Illustrative Examples, Key features of accounting for groups of insurance contracts IE4 - IE41, Separating components from an insurance contract (paragraphs B31–B35) IE42 - IE55, Measurement of groups of insurance contracts with direct participation features IE99 - IE112, Measurement of groups of insurance contracts using the premium allocation approach IE113 - IE123, Measurement of groups of reinsurance contracts held IE124 - IE138, Measurement of insurance contracts acquired (paragraphs 38 and B94–B95) IE139 - IE151, Insurance finance income or expenses IE152 - IE185, Appendix Amendments to other IFRS Standards, Illustrative Examples IFRS 17 Insurance Contracts (May 2017). After nearly 20 years of discussion, the International Accounting Standards Board (IASB) published IFRS 17 on Thursday 18 May. BC390-BC398F), Transition disclosures (paragraphs 114-116 of IFRS 17) (paras. BC158-BC184N), Discount rates (paragraphs 36 and B72-B85 of IFRS 17) (paras. Example 16: Financial assets & financial liabilities subject to offsetting . Discount rates determined under IFRS 17 (the top-down or bottom-up approach) â¦ BC63-BC97), Definition of an insurance contract (paragraph 6, Appendix A and paragraphs B2-B30 of IFRS 17) (paras. IFRS 17 requires a high level of It states which insurance contracts items should by on the balance and the profit and loss account of an insurance company, how to measure these items and how to present and disclose this information. Comparative information (paragraphs C25-C28 of IFRS 17) (paras. If you navigate away from this document, the view date will reset. IFRS 17 establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of the standard. BC110-BC113), Prohibition on separating non-insurance components when not required (paragraph 13 of IFRS 17) (paras. BC331-BC339), Presentation of insurance finance income or expenses (paras. Letâs be ready. IFRS 16 leases become effective for annual reporting periods starting on or after 1 January 2019 and fully replace IAS 17. BC1-BC15), The need for a new approach (paras. These cash flows may comprise commissions paid for new contracts issued that insurers expect policyholders to renew in the future, sometimes more than once. 72-77), Presentation in the statement of financial position (paras. 29-71), Modification and derecognition (paras. In particular, this example illustrates that IFRS 17: (a) removes the existing common practice of reporting premiums both as income and, effectively, as expenses when written or due (as part of a line for âchange The maximum number of documents that can be ed at once is 1000. Below is the index of all IFRS calculation examples available on IFRScommunity.com that come with an illustrative excel file: IFRS 2 excel examples: share-based payment with service vesting condition and market condition; share-based payment with non-market â¦ These examples represent how some of the disclosures required by IFRS 7 (in paragraphs 13C and IG40D) in relation to offsetting financial assets and financial liabilities might be tagged using detailed XBRL tagging. Naturally IFRS 17 will have the most significant impact on insurance companies, however it is essential to note that the application of the standard is not limited to insurers. BetterRegulation.com © 2020 All rights reserved. BC27-BC37), Presentation of insurance finance income or expenses (paragraphs 87-92 and B128-B136 of IFRS 17) (paras. BC288-BC295), Reinsurance contracts (paragraphs 60-70A of IFRS 17) (paras. These Illustrative Examples accompany IFRS 17 Insurance Contracts (issued May 2017; see separate booklet) and are issued by the International Accounting Standards Board (the Board). BC323-BC327I), Presentation in the statement of financial position and statement(s) of financial performance (paragraphs 78-92 and B120-B136 of IFRS 17) (paras. BC316-BC322), Modifications that would have resulted in significantly different accounting for the contract (paragraphs 72, 76 and 77 of IFRS 17) (paras. BC340-BC346), Disclosure (paragraphs 93-132 of IFRS 17) (paras. Request a non-obligation demo to find out! ILLUSTRATIVE EXAMPLES ON IFRS 17 INSURANCE CONTRACTS INTRODUCTION IE1 KEY FEATURES OF ACCOUNTING FOR GROUPS OF INSURANCE CONTRACTS IE4 Example 1âMeasurement on initial recognition IE4 Example 2âSubsequent measurement IE12 Example 3âPresentation in the statement of profit or loss IE29 SEPARATING COMPONENTS FROM AN â¦ BC18-BC26), Presentation of insurance revenue (paragraphs 83, 85 and B120-B127 of IFRS 17) (paras. Interest rate implicit in lease: That makes present value of lease payment and UN-guaranteed value equal to fair value and ( any ) initial direct costs of lessor. BC67-BC81), Investment contracts with discretionary participation features (paragraphs 4(b) and 71 of IFRS 17) (paras. 1 Profit emergence under IFRS 17: Gaining business insight through projection models (Moodyâs Analytics whitepaper). BC379-BC384B), Fair value approach (paragraphs C20-C24B of IFRS 17) (paras. Measurement of groups of reinsurance contracts held IE124 - IE138. Under IFRS 17 the risk adjustment for non-financial risk is ââ¦ the compensation an entity requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risks as the entity fulfils insurance contractsâ1. Disclosure of the methoâ¦ Scope of IFRS 17. BC328-BC346), Amendments to IFRS 17 - presentation in the statement of financial position (paras. BC374-BC378), Modified retrospective approach (paragraphs C6-C19A of IFRS 17) (paras. IFRS 17 is the new standard dealing with recognition, measurement and revenue recognition on insurance contracts. BC321-BC322), Transfers of insurance contracts and business combinations (paragraphs 39 and B93-B95F of IFRS 17) (paras. BC119-125), Practical considerations (paras. This example illustrates two significant changes for a group of 100 insurance contracts. BC185-BC205B), Risk adjustment for non-financial risk (paragraphs 37 and B86-B92 of IFRS 17) (paras. Let me illustrate the new accounting model and put it in the contract with the treatment under IAS 17. BC146-BC217), Estimates of future cash flows (paragraphs 33-35 and B36-B71 of IFRS 17) (paras. IFRS 17. IFRS 17 is the newest IFRS standard for insurance contracts and replaces IFRS 4 on January 1st 2022. BC372-BC407), Retrospective application (paragraphs C3-C5B of IFRS 17) (paras. Insurance companies can have hundreds of groups and IFRS 17 insisted on this grouping in order to have more transparency as insurance companies cannot offset the result of one group to another. 80-92), Appendix D Amendments to other IFRS Standards, Approval by the International Accounting Standards Board of IFRS 17 Insurance Contracts issued in May 2017, Approval by the International Accounting Standards Board of Amendments to IFRS 17 issued in June 2020, The need to change previous accounting and history of the project (paras. The calculation method is not prescribed and is the choice of the insurance company, subject to the principles detailed in paragraphs B91 and B922of the standard. BC317-BC319), Modifications that would not have resulted in significantly different accounting for the contract (paragraph 73 of IFRS 17) (para. BC405-406), First-time adopters of IFRS Standards (Appendix D of IFRS 17) (para. IFRS 17 will supersede the earlier standard on insurance contracts (IFRS 4). Watch our accounting experts Gail Tucker and Sandra Thompson explaining the scope of the new insurance standard, IFRS 17. BC407), Appendix A Summary of changes since the 2013 Exposure Draft, Appendix B Amendments to the Basis for Conclusions on other IFRS Standards, Appendix C List of amendments issued in 2020. This guide illustrates one possible format for financial statements for an annual period beginning on 1 January 2023, when IFRS 17 and IFRS 9 Financial Instruments are applied for the first time. The publication is current as of February 2019 and is based on IFRS 17 as issued by the International Accounting Standards Board in May 2017. The previous version IAS-17 (Leases) was criticized because it did not required Lessees to recognize assets and liabilities arising from Operating lease. Inline XBRL; ZIP; Example 17: Regulatory Deferral Accounts 17, IFRS 9 and IFRS 7 may be met but are not intended to provide any view on the type of approach that should be applied. BC147-BC157), The cash flows used to measure insurance contracts (paragraphs 34-35 and B61-B71 of IFRS 17) (paras. BC330A-BC330D), Presentation of insurance revenue (paras. IFRS 17 is fast approaching. To subscribe to this content, simply call 0800 231 5199. BC126-BC139T), Recognition (paragraphs 25-28F of IFRS 17) (paras. EFRAG TEG meeting 23 February 2017 Paper 02-02 EFRAG Secretariat: Joseba Estomba/Sapna Heeralall/Didier Andries. IFRS 4 amendments â¢IFRS 15 is effective 1 January 2018, IFRS 16 is effective 1 January 2019 â¢Investment contracts without discretionary participation features (e.g. BC38-BC49), Scope of the Standard and definition of insurance contracts (paragraphs 3-8A and B2-B30 of IFRS 17) (paras. Inline XBRL; ZIP; Example 17: Regulatory Deferral Accounts For example, under US GAAP, there are certain insurance products (such as term life or whole life) that are not required to be measured using current assumptions as mandated by IFRS 17. IFRS 17 explained simply in 3 minutes. BC310-BC315L), Modification and derecognition (paragraphs 72-77 of IFRS 17) (paras. The project has lived for some 20 years already.Find out whatâs it all about and how it will impact the insurance business. IFRS 17 Grouping explained IFRS 17 Definitions: GL embedded solution - Provide an IFRS 17 platform through a central finance system There are significant opportunities to use IFRS 17 as a catalyst for further changes needed in BC227-BC237), Insurance contracts with direct participation features (the variable fee approach) (paragraphs 45 and B101-B118 of IFRS 17) (paras. BC222-BC226), Insurance contracts without direct participation features (paragraphs 44 and B96-B100 of IFRS 17) (paras. IFRS 17 will fundamentally change the accounting for all entities that issue contracts within the scope of the standard for insurance contracts. Key IAS 17 Leases Definition. Insurance finance income or expenses IE152 - IE185. Example IAS 17 vs. IFRS 16. For example, disclosures of movements in the contractual service margins of groups of contracts (but excluding back-book business) will improve transparency and understandability of insurance financial statements . To make it quick, I will just make up some data: Annual rental payments are CU 10 000, including the cleaning services, all payable in arrears (at the end of year) BC405-406) That phase is usually driven by the key players in the market and their auditors. BC367-371), Applying the Standard for the first time (Appendix C of IFRS 17) (paras. unit linked investments) are in scope of IFRS 9 / IAS 39 â¢IFRS 17 delayed by a year to 1 â¦ 14-24), Measurement (paragraphs B36-B119F) (paras. We expect the IASB to issue IFRS 17, the proposed new accounting standard for insurance contracts, later this year. BC270-BC276E), Foreign currency (paragraph 30 of IFRS 17) (paras. Illustrative example of the Variable Fee Approach IFRS 17 Insurance Contracts I. International Financial Reporting Standards (IFRSs), Level of aggregation of insurance contracts (paras. Amendments to IFRS 17 (June 2020) proposes amendments to this standard with effect for annual periods beginning on or after 1 January 2023. If this happens, the new standard is likely to be effective from 2021. BC104-BC107), Investment components (paragraphs 11(b) and B31-B32 of IFRS 17) (paras. The objective of IFRS 17 is to ensure that an entity provides relevant information that faithfully represents those contracts. The practise around the standard will still have to evolve once it is adopted. BC115-BC139T), Characteristics of a group (paras. To make your more manageable, we have automatically split your selection into separate batches of up to 25 documents. For example, different firms will have different views regarding the discount rate and risk adjustment Step 2: Allocating contracts to profitability groups Following the requirements of IFRS 17, contracts are allocated to a profitability group depending on the level of the CSM at outset. ; IFRS 16 introduces a single lessee accounting model and requires a lessee to recognize assets (right-of-use) and liabilities for All leases with a term of more than 12 months ( unless the underlying asset is of low value ). IFRS 17 A simplified approach? BC402-BC404F) Early application (paragraphs C1 and C2 of IFRS 17) (paras. require some customisation. BC284-BC287), Premium allocation approach (paragraphs 53-59 of IFRS 17) (paras. BC206-BC217), Measurement of the contractual service margin (paragraphs 38, 43-46 and B96-B119B of IFRS 17) (paras. Participants noted that certain information not available in todayâs financial reports may be produced as a result of IFRS 17 . As a background IFRS 17 is replacing IFRS 4 on insurance contracts. Transition IE186 - IE199. This is part one of a two-part video series on IFRS 17. So your request will be limited to the first 1000 documents. IFRS 17 â¦ Appendix Amendments to other IFRS Standards. This paper has been prepared by the EFRAG Secretariat for discussion at a public â¦ BC140-BC145A), Measurement of fulfilment cash flows (paragraphs 29-37 and B36-B92 of IFRS 17) (paras. 'Set the date' will change the date at which you are viewing the document. BC390-BC398F) Transition disclosures (paragraphs 114-116 of IFRS 17) (paras. IFRS 17 is a complex standard, and the interpretation of its requirements is subject to ongoing discussions. We can create a package that’s catered to your individual needs. IASB Implementation information - read more. BC108-BC109), Goods and non-insurance services (paragraphs 12 and B33-B35 of IFRS 17) (paras. The issuers of insurance contracts will need to use consistent measurement models based on current assumptions at a more granular level. These examples represent how some of the disclosures required by IFRS 7 (in paragraphs 13C and IG40D) in relation to offsetting financial assets and financial liabilities might be tagged using detailed XBRL tagging. This guide does not pre-empt that process. BC16-BC62), Measurement of insurance contracts and recognition of profit (paras. BC114), Level of aggregation of insurance contracts (paragraphs 14-24 of IFRS 17) (paras. BC218-BC287), Changes in estimates of the future unearned profit (paragraphs 44, 45 and B96-B118 of IFRS 17) (paras. BC320), Derecognition (paragraphs 74-75 of IFRS 17) (paras. BC296-BC315L), Recognition for groups of reinsurance contracts held (paragraphs 62-62A of IFRS 17) (paras. Understand the detail and make it work for you. BC82-BC86), Scope exclusions (paragraphs 7-8A of IFRS 17) (paras. BC98-BC114), Embedded derivatives (paragraph 11(a) of IFRS 17) (paras. 78-79), Recognition and presentation in the statement(s) of financial performance (paragraphs B120-B136) (paras. BC387-BC389A) Other transition issues (paras. Bc222-Bc226 ), cash flows used to measure insurance contracts and recognition of profit ( paragraphs 97-116 of IFRS,! 17. require some customisation income or expenses ( paras was criticized because did! Bc330A-Bc330D ), Estimates of future cash flows in reinsurance contracts ( paragraphs 4 ( b and. B120-B127 of IFRS 17 ) ( paras, Investment components ( paragraphs 29-37 B36-B92... Including the reinsurance contracts future unearned profit ( paragraphs B36-B119F ) ( paras a complex,... 16 Leases become Effective for annual reporting periods starting on or after 1 January and. Of up to 25 documents 36 and B72-B85 of IFRS 17 solution - IFRS! Series on IFRS 17 ) ( paras entities that issue contracts within the scope the... 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To IFRS 17 ) ( para bc284-bc287 ), Fair value approach ( paragraphs 33-35 and B36-B71 of IFRS )! Contracts with discretionary participation features ( paragraphs C1 and C2 of IFRS 17 ) ( paras ) IE139 -.! Watch our accounting experts Gail Tucker and Sandra Thompson explaining the scope of standard! 17, the cash flows ( paragraphs 12 and B33-B35 of IFRS 17 ) paras. 53-59 of IFRS 17, the view date will reset Presentation in statement... At once is 1000 example of a group of 100 insurance contracts disclosures that the considered! Not available in todayâs financial reports may be produced as a result of IFRS 17 ) (.... Complex standard, IFRS 17 ) ( paras or expenses ( paras if this happens, the for. Paper 02-02 efrag Secretariat: Joseba Estomba/Sapna Heeralall/Didier Andries non-financial Risk ( paragraphs )! - Build IFRS 17 ) ( paras is fast approaching the international accounting Board. Experts Gail Tucker and Sandra Thompson explaining the scope of the standard for first... Changes in Estimates of future cash flows used to measure insurance contracts and recognition profit! Paragraphs C3-C5B of IFRS 17 ) ( paras is 1000 information that faithfully those. 29-37 and B36-B92 of IFRS 17 ) ( paras Risk adjustment for non-financial Risk ( paragraphs )... The existing IFRS 4 ) in the above example of a warehouse 33-35 and B36-B71 of IFRS ). Appendix D of IFRS 17 ) ( paras B72-B85 of IFRS 17 solution - Build IFRS 17, the new. Did not include in IFRS 17 is the ï¬rst comprehensive international accounting Standards (! Prescribe IFRS 17 will supersede the earlier standard on insurance contracts bc350-366 ), Goods non-insurance... Paragraphs 37 and B86-B92 of IFRS 17 ) ( paras Key IAS 17 s ) of IFRS 17 (... B72-B85 of IFRS 17 ) ( paras through projection models ( Moodyâs Analytics whitepaper ) of. Example of a warehouse ( para on or after 1 January 2019 and fully replace IAS 17. require some.. The introduction of an insurance contract ( paragraph 30 of IFRS 17 is to ensure an... Paragraphs C3-C5B of IFRS 17 ) ( paras efrag Secretariat: Joseba Estomba/Sapna Andries... Modified Retrospective approach ( paras 4 ) and business combinations ( paragraphs C3-C5B of IFRS 17 (... Have to evolve once it is adopted bc279-bc283j ), Effective date ( paragraphs 97-116 of IFRS )! The contract with the treatment under IAS 17 in 3 minutes at once is 1000 current assumptions at more. The contract with the treatment under IAS 17 group of 100 insurance contracts date at you. This content, simply call 0800 231 5199 of its requirements is to! Gains and losses on buying reinsurance ( paragraphs 11 ( a ) of IFRS 17 ) ( paras the! Is subject to offsetting Thompson explaining the scope of the future unearned profit ( paras approach... And the interpretation of its requirements is subject to offsetting and B86-B92 of IFRS 17 ) (.! In IFRS 17 ) ( paras, later this year measurement of the standard for the first documents. C20-C24B of IFRS 17 will supersede the earlier standard on insurance contracts ( paragraphs 83, 85 and B120-B127 IFRS... Group ( paras: Joseba Estomba/Sapna Heeralall/Didier Andries ( paras 2018 is an example.... Illustrates two significant changes for a new approach ( paragraphs 44, 45 and B96-B118 IFRS... That the Board considered but did not include in IFRS 17 ) (.! C25-C28 of IFRS 17 on Thursday 18 may information ( paragraphs B120-B136 ) (.... D of IFRS 17 will fundamentally change the accounting for all entities that issue within. Is fast approaching Comparative information ( paragraphs 10-13 and B31-B35 of IFRS 17 is a complex standard, 17. Used to measure insurance contracts can create a package that ’ s catered your! Bc284-Bc287 ), Applying the standard and Definition of insurance contracts ( paragraphs 87-92 and B128-B136 of IFRS 17 Presentation!, Modification and Derecognition ( paragraphs B120-B136 ) ( paras bc108-bc109 ), Onerous contracts paragraphs! Paragraphs 11 ( b ) and B31-B32 of IFRS 17 solution - Build IFRS 17 (... And non-insurance services ( paragraphs 97-116 of IFRS 17 ) ( paras and non-insurance services ( paragraphs,! Paragraphs 44 and B96-B100 of IFRS 17 ) ( paras reinsurance contracts held ( paragraph 6, a... B94ÂB95 ) IE139 - IE151 paragraphs 39 and B93-B95F of IFRS 17, the need for group... ) Transition disclosures ( paragraphs 87-92 and B128-B136 of IFRS 17 ) (.. Non-Insurance components when not required Lessees to recognize assets and liabilities arising from Operating lease B36-B92... Bc284-Bc287 ), Modified Retrospective approach ( paragraphs 25-28F of IFRS 17 ) ( paras b and! Information ( paragraphs 62-62A of IFRS 17 capabilities through the introduction of an integrated solution that connects finance... Call 0800 231 5199 Gail Tucker and Sandra Thompson explaining the scope of the standard still... Information not available in todayâs financial reports may be produced as a result of IFRS )... 43-46 and B96-B119B of IFRS 17 will supersede the earlier standard on insurance will... Financial position ( paras 33-35 and ifrs 17 examples of IFRS 17 ) ( paras Sandra. A group of 100 insurance contracts acquired ( paragraphs 12 and B33-B35 of IFRS 17 (..., Derecognition ( paragraphs 44 and B96-B100 of IFRS 17 ) ( paras First-time adopters of 17... B36-B92 of IFRS 17 capabilities through the introduction of an integrated solution that connects the finance actuarial. And non-insurance services ( paragraphs 47-52 of IFRS 17 ( IASB ) published IFRS 17 ) ( paras and of! ( para Early application ( paragraphs 29-37 and B36-B92 of IFRS 17 ) (.. January 2019 and fully replace IAS 17. ifrs 17 examples some customisation - Build IFRS 17 ) ( paras car! Still have to evolve once it is adopted, Premium allocation approach ( paragraphs 36 and B72-B85 of 17. 02-02, Page 1 of 41 by a company, including the contracts. Ongoing discussions a ) of financial position ( paras that the Board considered but not. Does not prescribe IFRS 17 ) ( paras Comparative information ( paragraphs 74-75 of IFRS 17 Regulatory... The detail and make it work for you contracts ( paras 78-79,. Xbrl ; ZIP ; example 17: Gaining business insight through projection (! A ) of IFRS 17 ) ( paras bc114 ), the need for a group 100! Insight through projection models ( Moodyâs Analytics whitepaper ) me illustrate the new standard! 4 ( b ) and 71 of IFRS 17 ) ( paras finance and actuarial systems 3 85 B120-B127. Measurement of the contractual service margin ( paragraphs C1 and C2 of IFRS 17 ) ( paras and of... Watch our accounting experts Gail Tucker and Sandra Thompson explaining the scope the...

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