Illustrative Guide to Accounting for Insurance Contracts

Illustrative Guide to Accounting for Insurance Contracts offers a comprehensive, practical approach to Ind AS 117, grounded in IFRS 17 concepts. Featuring 45+ examples, it covers everything from contract identification and advanced measurement models to transition guidance and practical disclosures from leading European insurers. Authored by Dr T.P. Ghosh, it clarifies risk adjustment, discount rates, and contractual service margins, ensuring a robust understanding of key principles. Ideal for professionals, auditors, regulators, and academics, this guide facilitates seamless Ind AS 117/IFRS 17 compliance and details essential amendments to other Ind ASs.