United States

IFRS Revenue Accounting by Insurance Companies

Jan 19, 2015
From the Financial Reporting View and the IFRS Institute

KPMG’s ISG recently published Accounting for Revenue Is Changing: Impact on Insurance Companies, which describes the potential effects of IFRS 15, Revenue from Contracts with Customers, on insurance companies, and actions to consider to address those issues. The issues discussed include bundled service contracts, non-refundable up-front fees, contracts with variable consideration, and costs related to in-scope contracts.

Read Accounting for Revenue Is Changing: Impact on Insurance Companies