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Dear Giampaolo
IFRS 17 will become effective on 01.01.2023 and it represents a
step change for all entities that are required to apply its
guidance.
The changes will not be limited to the measurement of contracts -
including their presentation in the balance sheet - but also
substantially change how insurers present their period performance
in the statement of comprehensive income.
This web session takes a closer look at the "top line" item in the
profit and loss account: insurance contract revenue. Depending on
the nature of the business, insurance revenue may be very similar
to the starting point for net income calculation according to
current accounting regimes - or it may substantially differ. In
either case, companies need to prepare for substantial changes to
internal and external processes: Calculation of revenue,
explanations to (and by!) internal and external stakeholders, and
amended key performance indicators (KPIs).
Your early-bird registration fee is € 150.00 plus 19% VAT for
bookings by 6 April 2022. After this date, the fee will be € 205.00
plus 19% VAT.
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