Wayne Campbell
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Understanding IFRS 4 Phase 2

Understanding IFRS 4 Phase 2

I would like to know how to account for:

  • lapses under IFRS 4
  • Cancellation of an insurance policies
  • Health insurance

IFRS 4 is very wide, technical and comprehensive therefore simply explanations and arithmetic examples to the above would be appreciated.

If a model spread-sheet could be used to explain the accounting treatment from the inception of an insurance policy to the end of the policy contract, it would also be appreciated. This should also show balances in the the statement of comprehensive income and balance sheet.


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