Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements

IFRS 17 -standardi tulee voimaan 1.1.2023, ja sen tavoitteena on parantaa vakuutusyhtiöiden tilinpäätöstietojen vertailukelpoisuutta ja läpinäkyvyyttä. IFRS 17 -standardia sovelletaan vakuutussopimuksiin ja se tulee korvaamaan IFRS 4 -standardin. IFRS 4 -standardi sallii erilaisten arvostusmenetelmi...

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Päätekijä: Rajala, Matti
Muut tekijät: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, Jyväskylän yliopisto, University of Jyväskylä
Aineistotyyppi: Pro gradu
Kieli:eng
Julkaistu: 2020
Aiheet:
Linkit: https://jyx.jyu.fi/handle/123456789/71778
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author Rajala, Matti
author2 Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_facet Rajala, Matti Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä Rajala, Matti Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_sort Rajala, Matti
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description IFRS 17 -standardi tulee voimaan 1.1.2023, ja sen tavoitteena on parantaa vakuutusyhtiöiden tilinpäätöstietojen vertailukelpoisuutta ja läpinäkyvyyttä. IFRS 17 -standardia sovelletaan vakuutussopimuksiin ja se tulee korvaamaan IFRS 4 -standardin. IFRS 4 -standardi sallii erilaisten arvostusmenetelmien käytön vakuutussopimuksia arvostettaessa, mikä voi aiheuttaa ongelmia tilinpäätöstietojen vertailukelpoisuuteen. Tämän pro gradu -tutkielman tarkoituksena on selvittää, miten IFRS 17 -standardin käyttöönoton oletetaan vaikuttavan tilinpäätöstietojen vertailukelpoisuuteen ja läpinäkyvyyteen. Lisäksi tutkimus tarkastelee, onko tilintarkastusammattilaisten mielestä muutoksesta enemmän haittaa vai hyötyä vakuutusyhtiöille. Tutkimuksen teoriaosuus tarkastelee aiempaa tutkimusta tilinpäätöstietojen läpinäkyvyydestä, vertailukelpoisuudesta ja arvorelevanssista. Lisäksi teoriaosuudessa tutki-taan IFRS 17 -standardia tarkemmin. Tutkimuksen haastatteluaineisto kerättiin kahdeksalla teemahaastattelulla. Haastateltavat työskentelivät IFRS-standardien kanssa ja osa työskenteli IFRS 17 -standardin kanssa päivittäin. Lisäksi tutkimusaineistoa kerättiin IFRS 17 -standardin virallisista kommenttikirjeistä, joita vakuutusyhtiöt olivat kirjoittaneet. Tulosten mukaan IFRS 17 -standardi parantaa vakuutusyhtiöiden tilinpäätöstietojen läpinäkyvyyttä ja vertailukelpoisuutta. Huomattavaa oli kuitenkin, että IFRS 17 -standardin oletetaan saavuttavan tavoitteensa todennäköisesti vasta useamman vuoden jälkeen standardin huomattavan monimutkaisuuden vuoksi. IFRS 17 -standardista on todennäköisesti enemmän hyötyä vakuutusyhtiöille, jos sisäisiä toimintoja tarkastellaan ja kehitetään aktiivisesti standardin implementoinnin aikana sen sijaan, että täytettäisiin vain sen minimivaatimukset. IFRS 17 is set to become effective on 1 January 2023, and it aims to improve transparency and comparability of financial statements of insurance companies. IFRS 17 is used for insurance contracts, and it will replace its predecessor IFRS 4. IFRS 4 allows the use of various valuation methods for insurance contracts, potentially resulting in lower comparability. The purpose of this study is to examine how IFRS 17 is expected to affect the transparency and comparability of insurance companies’ financial statements. Furthermore, this study observes whether accounting specialists perceive IFRS 17 more as a burden or a benefit for insurance companies. The literature review of this study discusses IFRS 17 and the concepts of transparency, comparability and value relevance. The research data was collected through eight semi-structured interviews. The interviewees worked with IFRS standards daily and some with IFRS 17. More research data was collected through IFRS 17’s official comment letters issued by insurance companies. The results of the study suggest that IFRS 17 standard is projected to improve the transparency and comparability of financial statements of insurance companies. It is notable, however, that IFRS 17 is expected to achieve its goal only after several years of its implementation. The financial statements of insurance companies are not likely to have improved comparability and transparency during the first effective years because of the complexity and challenges associated with the standard. IFRS 17 is predicted to be more beneficial than burdensome for insurance companies if they are actively looking to improve their internal systems by fully implementing the standard, rather than only trying to fulfill its minimum requirements.
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Tutkimuksen haastatteluaineisto ker\u00e4ttiin kahdeksalla teemahaastattelulla. Haastateltavat ty\u00f6skenteliv\u00e4t IFRS-standardien kanssa ja osa ty\u00f6skenteli IFRS 17 -standardin kanssa p\u00e4ivitt\u00e4in. Lis\u00e4ksi tutkimusaineistoa ker\u00e4ttiin IFRS 17 -standardin virallisista kommenttikirjeist\u00e4, joita vakuutusyhti\u00f6t olivat kirjoittaneet. \n\nTulosten mukaan IFRS 17 -standardi parantaa vakuutusyhti\u00f6iden tilinp\u00e4\u00e4t\u00f6stietojen l\u00e4pin\u00e4kyvyytt\u00e4 ja vertailukelpoisuutta. Huomattavaa oli kuitenkin, ett\u00e4 IFRS 17 -standardin oletetaan saavuttavan tavoitteensa todenn\u00e4k\u00f6isesti vasta useamman vuoden j\u00e4lkeen standardin huomattavan monimutkaisuuden vuoksi. 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spellingShingle Rajala, Matti Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements IFRS 17 comparability value relevance vertailukelpoisuus arvorelevanssi Laskentatoimi Accounting 20421 läpinäkyvyys tilinpäätös IFRS-standardit laskentatoimi standardit vakuutusyhtiöt vakuutus vakuutussopimukset kirjanpito rahoittajat raportit transparency financial statements International Financial Reporting Standards accounting standards insurance companies insurance insurance contracts bookkeeping financiers reports (publications)
title Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements
title_full Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements
title_fullStr Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements
title_full_unstemmed Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements
title_short Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements
title_sort expected effects of ifrs 17 on the transparency and comparability of insurance companies financial statements
title_txtP Expected effects of IFRS 17 on the transparency and comparability of insurance companies' financial statements
topic IFRS 17 comparability value relevance vertailukelpoisuus arvorelevanssi Laskentatoimi Accounting 20421 läpinäkyvyys tilinpäätös IFRS-standardit laskentatoimi standardit vakuutusyhtiöt vakuutus vakuutussopimukset kirjanpito rahoittajat raportit transparency financial statements International Financial Reporting Standards accounting standards insurance companies insurance insurance contracts bookkeeping financiers reports (publications)
topic_facet 20421 Accounting IFRS 17 IFRS-standardit International Financial Reporting Standards Laskentatoimi accounting arvorelevanssi bookkeeping comparability financial statements financiers insurance insurance companies insurance contracts kirjanpito laskentatoimi läpinäkyvyys rahoittajat raportit reports (publications) standardit standards tilinpäätös transparency vakuutus vakuutussopimukset vakuutusyhtiöt value relevance vertailukelpoisuus
url https://jyx.jyu.fi/handle/123456789/71778 http://www.urn.fi/URN:NBN:fi:jyu-202009165873
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