https://www.taxtmi.com/acts?id=19794 Ind AS 104 prescribes accounting and disclosure for insurance and reinsurance contracts and financial instruments with discretionary participation features, setting scope exclusions, rules for unbundling deposit components (deposit components to be accounted under Ind AS 109 and insurance components under Ind AS 104), a liability adequacy test requiring current estimates of future cash flows with deficiencies recognised in profit or loss, impairment assessment for reinsurance assets, conditions for changing accounting policies (including permitted use of current market interest rates and shadow accounting), treatment of contracts acquired in business combinations, and detailed disclosure requirements on accounting policies, assumptions, sensitivities and risks. en-us Wed, 03 Jun 2015 15:41:13 +0530 Thu, 22 Aug 2024 11:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19794 Ind AS 104 prescribes accounting and disclosure for insurance and reinsurance contracts and financial instruments with discretionary participation features, setting scope exclusions, rules for unbundling deposit components (deposit components to be accounted under Ind AS 109 and insurance components under Ind AS 104), a liability adequacy test requiring current estimates of future cash flows with deficiencies recognised in profit or loss, impairment assessment for reinsurance assets, conditions for changing accounting policies (including permitted use of current market interest rates and shadow accounting), treatment of contracts acquired in business combinations, and detailed disclosure requirements on accounting policies, assumptions, sensitivities and risks. Act-Rules Companies Law Wed, 03 Jun 2015 15:41:13 +0530 https://www.taxtmi.com/acts?id=19794