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IFRS 9, 17

Risk. Treasury. Regulatory. Controlling. Accounting.

IFRS 9

  • Classification of financial instruments (IFRS 9 §4.1 and liabilities IFRS 9 §4.2)
  • SPPI test
  • Amortized cost (IFRS 9 §4.1.2, §4.2.1)
  • Fair value through other comprehensive income (IFRS 9 §4.1.2)
  • Fair value through profit and loss (IFRS 9 §4.1.4, §4.2.1)
  • Expected credit loss
  • Accounting postings
  • Disclosure
    • Credit risk (maximum exposure, collaterals held)
    • Liquidity risk (maturity analysis)
    • Market risk (sensitivity analysis)
    • Transfer of financial assets)
    • Additional IFRS 9 reporting

IFRS 17

  • Insurance contract / reinsurance contract / separation of components
  • Level of aggregation / portfolio
  • Measurement at initial recognition
  • Subsequent measurement
  • General measurement model (GMM)
  • Fulfillment cash flow: Combined ratio, insurance risk / risk adjustment
  • Discounting rate / Time value of money (TVM)
  • Contractual service margin (CSM)
  • Onerous contracts
  • Variable Fee approach (VFA)
  • Premium allocation approach (PAA)
  • Investment contracts with a DPF
  • Insurance service result
  • Insurance finance income & expense
  • Derecognition
  • Local GAAP versus IFRS 17
  • Generation of the monthly book entries for the general ledger (SAP)
  • Disclosure
    • Financial statement(s)
    • Risk management