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題名 施行IFRS9對台灣壽險業的影響
The Impact of IFRS9 on the Life Insurance Industry of Taiwan作者 李麗芬
Lee, Nicole貢獻者 蔡政憲
Tsai, Jason
李麗芬
Lee, Nicole關鍵詞 壽險業
台灣
Life Insurance Industry
Taiwan日期 2013 上傳時間 14-七月-2014 11:35:42 (UTC+8) 摘要 IFRS 9 divides all financial assets into two categories - measured at amortized cost and measured at fair value (through profit or loss and through OCI). Equity instrument could be measured at fair value either through profit or loss or OCI. Debt instruments could be measured at amortized cost if the objective of the business model is collect contractual cash flows and the cash flows of debt instruments pass cash flow characteristic test.Under IFRS 9, assets reclassification is permitted only when the company changes its business model for managing its financial assets. Such changes are expected to be infrequent. Any reclassifications should be accounted for prospectively.An insurance company’s major objective is managing their assets and liabilities in a way that seeks to match cash out flows to existing policyholders with inflows from investments and from new policyholders.In according to the proposed IFRS 4 phase II, the present value of insurance liabilities would be updated at each reporting period, and the changes would be reported in profit or loss or OCI for the period. Classification of financial instruments should be evaluated carefully, otherwise accounting mismatch will exist.Keywords: IFRS 9, Financial Assets Classification, IFRS4 Phase II, Cash Flows Characteristic Test, Accounting Mismatch 參考文獻 PwC, 2010, Practical guide to IFRS-IFRS9,”Financial instruments”Tamsin Abbey, Deloitte, November 2013 ,IFRS 4 Phase 2 Practical ImplicationsDeloitte, December 2012, IFRS in Focus / IASB issues proposal for limited amendments to IFRS 9Deloitte, August 2012, IFRS9 Classification and Measurement Are you lost?Deloitte, January 2012, Facing the challenge/ Business implication of IFRS 4,9 and Solvency II for insurersDeloitte, 2008, IFRS in Real EstateErnst & Young, March 2014, IASB makes use OCI optional and confirms unlocking of the Contractual Service MarginErnst & Young, March 2013, IFRS Outlook, Insights on IFRS for Executives and Audit CommitteesErnst &Young, November, 2012, The IASB proposes limited amendments to IFRS9 classification and measurement modelErnst &Young 1, January 2012, IFRS9: New mandatory effective date and transition disclosuresErnst &Young 2, January 2012, Facing the challenge Business implications for IFRS 4, 9 and Solvency II for insurersErnst & Young, March 2012, Limited improvements to IFRS classification and measurement /The impact for insurance and next steps, Ernst & Young, May 2012, Financial Instruments: classification and measurement — the GAAP differences continue to narrowErnst &Young, July, 2011, Measure by measure Synchronising IFRS 9 and IFRS 4 Phase II for InsurersErnst &Young, November 2009, IASB publishes IFRS9: Phase 1 of new standard to replace IAS 39European Financial reporting Advisory Group, 17 June 2013, Classification and measurement of financial assets results of the field test conducted by EFRAG,ANC,ASCG,FRC and OICR. Venkata, November 2009, Salient differences between IAS 39 and IFRS 9 描述 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
101933001
102資料來源 http://thesis.lib.nccu.edu.tw/record/#G0101933001 資料類型 thesis dc.contributor.advisor 蔡政憲 zh_TW dc.contributor.advisor Tsai, Jason en_US dc.contributor.author (作者) 李麗芬 zh_TW dc.contributor.author (作者) Lee, Nicole en_US dc.creator (作者) 李麗芬 zh_TW dc.creator (作者) Lee, Nicole en_US dc.date (日期) 2013 en_US dc.date.accessioned 14-七月-2014 11:35:42 (UTC+8) - dc.date.available 14-七月-2014 11:35:42 (UTC+8) - dc.date.issued (上傳時間) 14-七月-2014 11:35:42 (UTC+8) - dc.identifier (其他 識別碼) G0101933001 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/67498 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 國際經營管理英語碩士學位學程(IMBA) zh_TW dc.description (描述) 101933001 zh_TW dc.description (描述) 102 zh_TW dc.description.abstract (摘要) IFRS 9 divides all financial assets into two categories - measured at amortized cost and measured at fair value (through profit or loss and through OCI). Equity instrument could be measured at fair value either through profit or loss or OCI. Debt instruments could be measured at amortized cost if the objective of the business model is collect contractual cash flows and the cash flows of debt instruments pass cash flow characteristic test.Under IFRS 9, assets reclassification is permitted only when the company changes its business model for managing its financial assets. Such changes are expected to be infrequent. Any reclassifications should be accounted for prospectively.An insurance company’s major objective is managing their assets and liabilities in a way that seeks to match cash out flows to existing policyholders with inflows from investments and from new policyholders.In according to the proposed IFRS 4 phase II, the present value of insurance liabilities would be updated at each reporting period, and the changes would be reported in profit or loss or OCI for the period. Classification of financial instruments should be evaluated carefully, otherwise accounting mismatch will exist.Keywords: IFRS 9, Financial Assets Classification, IFRS4 Phase II, Cash Flows Characteristic Test, Accounting Mismatch en_US dc.description.tableofcontents 1. Introduction 12. Accounting Standard Review 32.1. History of IFRS 9 32.1.1. Original Publication 32.1.2. Limited Amendments to IFRS 9 42.2. Overview of IFRS 9 52.2.1. Initial Measurement of Financial Instruments 52.2.2. Subsequent Measurement of Financial Assets 52.2.3. Embedded Derivatives 82.2.4. Reclassification 92.2.5. Business Model Test 92.2.6. Major Differences between IAS 39 and IFRS 9 102.3. The Impact of IFRS 9 in Moving to IFRS 4 Phase II 152.3.1. Current Accounting under IFRS 4 Phase I 152.3.2. The Latest Draft of IFRS 4 Phase II 152.3.3. The Relationship between IFRS 9 and IFRS 4 Phase II 163. Industry Review from Assets Classification Perspective 183.1. Insurance Company’s Assets Allocation before Adopting IFRS 9 183.2. Financial Assets Reclassification Analysis 193.3. Insurance Company’s Main Challenges of Adopting IFRS 9 203.3.1. Contractual Cash Flows Characteristics Assessment 203.3.2. Business Model Assessment 213.3.3. The Consequence Effect of Adopting IFRS 4 Phase II 213.3.4. The Development and Implementation of Solvency II 223.3.5. The Impact on the Assets that Have Been Reclassified Before Adopting IFRS 9 233.3.6. Reclassification Is Prohibited under IFRS 9 244. Case Study 254.1. Business Model Test 254.1.1. Business Model 254.1.2. F Company’s Business Model 254.2. Cash Flow Characteristics Test 264.2.1. The Details of the Financial Assets as of 2013/12/31 and the Classification Assessment 274.2.2. Financial Assets Classification after Adopting IFRS9 325. Conclusions and Suggestions 35References 37Appendixes 39 zh_TW dc.format.extent 561843 bytes - dc.format.mimetype application/pdf - dc.language.iso en_US - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0101933001 en_US dc.subject (關鍵詞) 壽險業 zh_TW dc.subject (關鍵詞) 台灣 zh_TW dc.subject (關鍵詞) Life Insurance Industry en_US dc.subject (關鍵詞) Taiwan en_US dc.title (題名) 施行IFRS9對台灣壽險業的影響 zh_TW dc.title (題名) The Impact of IFRS9 on the Life Insurance Industry of Taiwan en_US dc.type (資料類型) thesis en dc.relation.reference (參考文獻) PwC, 2010, Practical guide to IFRS-IFRS9,”Financial instruments”Tamsin Abbey, Deloitte, November 2013 ,IFRS 4 Phase 2 Practical ImplicationsDeloitte, December 2012, IFRS in Focus / IASB issues proposal for limited amendments to IFRS 9Deloitte, August 2012, IFRS9 Classification and Measurement Are you lost?Deloitte, January 2012, Facing the challenge/ Business implication of IFRS 4,9 and Solvency II for insurersDeloitte, 2008, IFRS in Real EstateErnst & Young, March 2014, IASB makes use OCI optional and confirms unlocking of the Contractual Service MarginErnst & Young, March 2013, IFRS Outlook, Insights on IFRS for Executives and Audit CommitteesErnst &Young, November, 2012, The IASB proposes limited amendments to IFRS9 classification and measurement modelErnst &Young 1, January 2012, IFRS9: New mandatory effective date and transition disclosuresErnst &Young 2, January 2012, Facing the challenge Business implications for IFRS 4, 9 and Solvency II for insurersErnst & Young, March 2012, Limited improvements to IFRS classification and measurement /The impact for insurance and next steps, Ernst & Young, May 2012, Financial Instruments: classification and measurement — the GAAP differences continue to narrowErnst &Young, July, 2011, Measure by measure Synchronising IFRS 9 and IFRS 4 Phase II for InsurersErnst &Young, November 2009, IASB publishes IFRS9: Phase 1 of new standard to replace IAS 39European Financial reporting Advisory Group, 17 June 2013, Classification and measurement of financial assets results of the field test conducted by EFRAG,ANC,ASCG,FRC and OICR. Venkata, November 2009, Salient differences between IAS 39 and IFRS 9 zh_TW
