IFRS 4- Insurance Contracts
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IFRS 4- Insurance Contracts
IFRS 4 prescribes some revenue recognition features for insurance contracts issued by entities that have not adopted IFRS 17. Unknown future events (the insured event) are covered by an insurance contract, which commits one party (the insurer) to pay the policyholder back if it hurts the policyholder. To learn more, continue reading!
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