Spring 2016 Q 18b

cornedovcornedov
in General

This is not marked as outdated.

Is the idea of non-deferable commissions still relevant to IFRS17?

And if so can you confirm my basic understanding of the concept?

Under IFRS17 we have deferred acquisition that is directly attributable to a group of contracts and then we have acquisition that is not directly attributable to a group of contracts. Only directly attributable acqusiition can be deferred, so non-deferrable would be the acqusiition that cannot be attributed to a group (or is it portfolio?) of contracts. Is this the same concept?

Comments

  • Staff-T1Staff-T1

    I think it is possible that you can attribute the commissions to a group of contracts but still be non-deferrable. But yes, I think this would generally form under acquisition costs

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