PRIMJENA MSFI 17 NA KONKRETNIM PRIMJERIMA OSIGURANJA REPUBLIKE SRPSKE
APPLICATION OF IFRS 17 ON CONCRETE EXAMPLES OF INSURANCE OF THE REPUBLIC OF SRPSKA
Author(s): Goran ĆetojevićSubject(s): Economy, National Economy, Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies, Socio-Economic Research
Published by: Asocijacija za upravljanje rizicima u BiH
Keywords: IFRS 17; insurance; contract; valuation models; finance; standard; implementation challenges;
Summary/Abstract: This paper analyzes the necessary prerequisites that insurance companies need to meet in order to align their business with the requirements of International Financial Reporting Standard 17 - Insurance Contracts (IFRS 17) and be ready to apply it from the moment it enters into force. The aim of the paper is to present potential effects of applying IFRS 17, taking into account the specificities of the insurance market in Bosnia and Herzegovina, using the example of the portfolio of financial assets of the insurance companies in Republic of Srpska. In addition, the paper will analyze the changes that this standard introduces in relation to the existing International Financial Reporting Standard 4, as well as the accounting practices of companies operating in the insurance market in Bosnia and Herzegovina.
Journal: ZAŠTITA I SIGURNOST
- Issue Year: 2023
- Issue No: 2
- Page Range: 113-131
- Page Count: 19
- Language: Bosnian
