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- IFRS 4 – Insurance Contracts 0%
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Question 1 of 10
1. Question
FRS 4 addresses accounting by which of the following parties:
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Question 2 of 10
2. Question
Which of the following practices does IFRS 5 prohibit an insurer to introduce?
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Question 3 of 10
3. Question
Which of the following is not true regarding IFRS 4?
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Question 4 of 10
4. Question
IFRS 4 shall not be applied to which of the following?
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Question 5 of 10
5. Question
Under which of the following scenarios is IFRS 4 applicable?
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Question 6 of 10
6. Question
An insurer is required to unbundle insurance and deposit components if can measure the deposit component (excluding any embedded surrender options) separately.
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Question 7 of 10
7. Question
Which of the following shall an insurer do in order to unbundle a contract?
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Question 8 of 10
8. Question
Which of the following statements does not agree with IFRS 4?
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Question 9 of 10
9. Question
An insurer shall assess at the end of each reporting period whether its recognized insurance liabilities are __________, using current estimates of future cash flows under its insurance contracts.
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Question 10 of 10
10. Question
If that assessment shows that the carrying amount of its insurance liabilities is inadequate in the light of the estimated future cash flows, __________.
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