A Comparative Analysis of Balance Sheet Restructuring: From IFRS 4 to IFRS 17
Rubrics: SCIENTIFIC ARTICLES
Authors:
1.
Federal State Budgetary Educational Institution of Higher Education "Financial University under the Government of the Russian Federation" Vladikavkaz Branch
2.
Financial University under the Government of the Russian Federation
(kafedra audita i korporativnoy otchetnosti, docent)
employee
employee
Type:
Article
Pages:
from 306
to 309
Status:
Published
Received:
22.04.2026
Accepted:
01.05.2026
Published:
01.05.2026
Subject area:
UDC 368
Language:
English
Keywords:
IFRS 4, IFRS 17, insurance contracts, balance sheet, insurance company, accounting
Abstract:
This article provides a detailed examination of the fundamental changes introduced by International Financial Reporting Standard 17 (IFRS 17) to the statement of financial position of insurance entities, in comparison to the previous standard, IFRS 4. The analysis systematically deconstructs the key structural and conceptual shifts, focusing on the reclassification of balances, the emergence of new line items, and the application of revolutionary measurement principles. Key areas of focus include the disaggregation of insurance portfolios, the explicit recognition of reinsurance assets and liabilities, and the transformative impact of the General Measurement Model (GMM)—encompassing discounting, risk adjustment, and onerous contract recognition. The article concludes with a comparative table mapping IFRS 4 line items to their new destinations under IFRS 17, highlighting the transition's overall effect on financial transparency and economic representation.
This article provides a detailed examination of the fundamental changes introduced by International Financial Reporting Standard 17 (IFRS 17) to the statement of financial position of insurance entities, in comparison to the previous standard, IFRS 4. The analysis systematically deconstructs the key structural and conceptual shifts, focusing on the reclassification of balances, the emergence of new line items, and the application of revolutionary measurement principles. Key areas of focus include the disaggregation of insurance portfolios, the explicit recognition of reinsurance assets and liabilities, and the transformative impact of the General Measurement Model (GMM)—encompassing discounting, risk adjustment, and onerous contract recognition. The article concludes with a comparative table mapping IFRS 4 line items to their new destinations under IFRS 17, highlighting the transition's overall effect on financial transparency and economic representation.
Keywords:
IFRS 4, IFRS 17, insurance contracts, balance sheet, insurance company, accounting
IFRS 4, IFRS 17, insurance contracts, balance sheet, insurance company, accounting
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