Insurance Asia on MSN2d
Philippine insurers to adopt IFRS 17 standard by 2027
But insurers may opt to begin adjusting their financial reports prior to the date. The Philippine Insurance Commission has ...
Insurance Asia on MSN2d
FWD’s first net profit under IFRS 17, records $24m in FY 2024
Operating profit after tax rose 29% year-on-year. FWD Group recorded a net profit of $24m for fiscal year 2024 (FY 2024), ...
Risk1y
IFRS 17: the post-implementation phase
Designed with a forward-looking approach, this course goes beyond IFRS 17 compliance and addresses the day two tasks that lie ahead in the transition to a business-as-usual model. This training will ...
BusinessWorld2d
IC moves deadline for firms’ adoption of new accounting standard to 2027
ALL INSURERS and reinsurers in the Philippines are required to adopt the latest financial reporting standards for their audited financial statements within the next two years, the Insurance Commission ...
Investopedia10d
Accounting Principles: What They Are and How GAAP and IFRS Work
The IFRS’s 17 standards cover everything from how a company should recognize revenues from contracts to accounting for insurance contracts and leases. These rules are underpinned by four core ...