Article: Insurance Accounting Newsletter: Focus On The Estimate Of Insurance Cash Flows.

The joint work of the Insurance Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) continued in March with a relatively limited agenda.

The IASB and FASB (together, the Boards) met respectively on 19 and 26 March 2009 to discuss the draft guidance on the estimate of insurance cash flows that could be included in the future accounting standard. The estimate of cash flows is Block 1 of the future measurement model; Block 2 will be the selection of the discount rate and Block 3 the measurement of the margin.

The Boards' Staff prepared an analysis of the possible guidance under both the exit or fulfilment notions owing to ...

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