JESD_Vol 07 N 02

Permanent URI for this collectionhttps://dspace.univ-eloued.dz/handle/123456789/34663

JESD_Vol 07 N 02

Browse

Browsing JESD_Vol 07 N 02 by Author "Ahmed Gaid Zakaria"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Difficulties In Implementing Ifrs 17 In The Insurance Sector In Algeria (case Study Of The Caat Insurance Company)
    (جامعة الوادي University of Eloued, 2024-09-01) Ahmed Gaid Zakaria; Miloudi Mohamed Karim
    On January 1, 2023, the new international accounting standard IFRS 17 for insurance contracts came into force, while the Algerian insurance sector will introduce it in 2025. The adoption of these new standards will transform the way insurance companies design and perceive financial information. It will completely turn principles upside down to the extent that, "Fair value" will supplant historical cost and priority of economic substance over legal form. Ensuring that businesses provide pertinent information that presents an accurate and fair picture of these contracts is the goal of IFRS 17. Users of financial statements can evaluate how insurance contracts affect the entity's cash flows, financial performance, and financial situation with the use of this new standard.