Accounting for Unrealised Losses and Gains; Should the Regulations for General Insurance Companies in Australia be Changed

Abstract: This 10 page paper considers the way in which different annual accounts users are perceived and how this is reflected in the accounting standards. The paper concentrates on the AASB 1023 which states that general insurance companies must include unrealised gains and losses in financial assets in the annual reports how this may be seen as reflecting a wider approach to the accounting that is seen in countries such as the US, where the primary user group are those with a direct financial interest. The bibliography cites 6 sources.

Filename: TEinsura.rtf

Pages: 10

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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