Ind AS 104 Explained | Insurance Contracts, Recognition, Measurement & Shadow Accounting

@Gurvindersinghrajpal
In this video, we cover the complete framework of Ind AS 104, which governs accounting for insurance contracts in India. This standard is unique because it focuses on risk transfer, insurance liabilities, and adequacy of provisions, rather than recognising insured values.

Objective and scope of Ind AS 104

What constitutes an insurance contract

Concept of significant insurance risk

Recognition principle for insurance and reinsurance contracts

Measurement principle under Ind AS 104

Liability adequacy test

Impairment of reinsurance assets

Concept of shadow accounting

Disclosure requirements

Comparison with IFRS 4

Understanding why Ind AS 104 is an interim standard and how Ind AS 117 is the future
#IndAS104
#InsuranceContracts
#InsuranceAccounting
#ShadowAccounting
#FinancialReporting
#IndianAccountingStandards
#CAFinal
#CMAFinal
#AccountingEducation
#AuditLearning
#FinanceProfessionals
#LifeInsuranceAccounting
#TermInsurance
#IFRS4
#IndAS117
#IndAS103 #ESOPAccounting #RSUAccounting #ShareBasedPayments #IFRS2
#AccountingStandards #FinancialReporting #CAFinal #CMAFinal #AuditLearning
#IndASExplained #AccountingTutorial #financeeducation #ifrs #ifrsvsindas
IndAS​#IndianAccountingStandards​#IndASCompliance​ #IndASTraining​#IndASExplained​#IndASSeries​#IndASForBeginners​ #IndASUnderstanding​#IndASUpdates​#IndASImplementation​ #AccountingStandards​ #CorporateReporting​ #FinancialReporting​ #FinanceLearning​ #AccountingBasics​ #AdvancedAccounting​ #FinanceProfessionals​ #CACommunity​ #AuditAndAssurance​ #FinanceEducation​ #CharteredAccountant​ #CAStudents​ #ManagementConsulting​ #FinanceLeaders​ #FPandA​ #CFOCommunity​ #BusinessFinance​ #ControllersCorner​ #CorporateFinance​ #FinanceExperts​ Accounting Framework Hashtags #GAAPvsIndAS​ #IFRS​ #IFRSvsIndAS​ #AccountingFramework​ #FinancialStatements​ #BalanceSheet​ #ProfitAndLoss​ #CashFlowStatement​ #FairValueAccounting​ #RevenueRecognition​ #IndianBusiness​ #CorporateIndia​ #ListedCompanies​ #UnlistedCompanies​ #SMEs​ #StartupsIndia​ #Big4Life​ #ConsultingLife​ #FinanceOperations​ #ComplianceIndia​ #Upskill​ #LearnFinance​ #FinanceSkills​ #ContinuousLearning​ #KnowledgeSharing​ #SkillDevelopment​ #AccountingEducation​ #ProfessionalGrowth​ #LearningSeries​ #OnlineLearning​ #IndAS1​ #IndAS2​ #IndAS7​ #IndAS8​ #IndAS10​ #IndAS16​ #IndAS19​ #IndAS21​ #IndAS24​ #IndAS33​ #IndAS34​ #IndAS36​ #IndAS37​ #IndAS38​ #IndAS109​ #IndAS115​ #IndAS116​ #RightOfUseAssets​ #FinancialInstruments​ #LeasesAccounting​ #MCAIndia​ #CompaniesAct​ #RegulatoryCompliance​ #AuditCompliance​ #DisclosureRequirements​ #AccountingCompliance​ #CorporateGovernance​ #FinancialTransparency​ #StatutoryReporting​ #RegulatoryUpdates​ #FinanceYouTube​ #FinanceContent​ #YouTubeEducator​ #LinkedInFinance​ #TrendingFinance​ #AccountingWorld​ #BusinessEducation​ #FinanceCommunity​ #KnowledgeHub​ #GJManagementConsultants​

Видео Ind AS 104 Explained | Insurance Contracts, Recognition, Measurement & Shadow Accounting канала GJ Management Consultants (Strategy to Success)