Search results
Results from the Health.Zone Content Network
t. e. IFRS 4 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) providing guidance for the accounting of insurance contracts. The standard was issued in March 2004, and was amended in 2005 to clarify that the standard covers most financial guarantee contracts. [1]
v. t. e. In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. [1] The value delivered to settle a liability may be in the form of assets transferred or services performed.
A unit of account [1] is a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt.
Website. cardiffmet .ac .uk. Cardiff Metropolitan University ( Welsh: Prifysgol Metropolitan Caerdydd ), formerly the University of Wales Institute, Cardiff (UWIC; Welsh: Athrofa Prifysgol Cymru, Caerdydd; APCC) and commonly referred to as Cardiff Met, is a university located in the city of Cardiff. The university offers degree courses in a ...
Margin on services. Margin on Services (or MoS) is a financial reporting method developed by the Australian Accounting Standards Board that relates to life insurance companies in Australia and New Zealand . Under MoS, the value of future surpluses expected to emerge under a life insurance contract is first determined and then spread over the ...
Personal lines of insurance are for individuals and include fire, auto, homeowners, theft and umbrella coverages. Commercial lines address the insurance needs of businesses and include property, business continuation, product liability, fleet/commercial vehicle, workers compensation, fidelity and surety, and D&O insurance. The insurance ...
t. e. Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management ...
Insurability can mean either whether a particular type of loss (risk) can be insured in theory, or whether a particular client is insurable for by a particular company because of particular circumstance and the quality assigned by an insurance provider pertaining to the risk that a given client would have.