Aktuar Contr I IFRS48 Dr. Ruprecht Witzel; HS 08 1. Introduction Since IFRS 4 is
{"Image DocumentName": "1. IntroductionSince IFRS 4 is only an interim solution IFRS 4 consists of general principles.", "Image ImageDescription": "There is some freedom to define the concrete accounting policy according to IFRS 4. One fundamental principle of IFRS 4 allows the insurer to change its accounting policy if, and only if, the new valuation method is moving in the direction of market values (market consistent valuation) This is not only possible for a total insurance company or group, but it is even allowed only for special sub-portfolios of a company (see \u00a7 22 and \u00a7 24 IFRS 4) Changes of the accounting policy should increase the reliability or relevance of the financial reporting. Dr. Ruprecht Witzel; HS 08.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}