文摘
The Exposure Draft “Insurance Contracts- issued by the International Accounting Standards Board (IASB) in July 2010, contains the IASB’s latest proposals regarding accounting on insurance contracts by insurance enterprises and is the basis for the planned International Financial Reporting Standard “Insurance Contracts-which shall be finished in 2011. The paper follows a presentation with the same title at the Annual Congress of the German Insurance Science Association in Berlin on March 17th, 2011 and mainly aims at a comparison of the IASB’s proposals with the solutions derived from different accounting theories for the most important accounting problems concerning insurance contracts, namely the treatment of premiums, losses, and acquisition costs. The IASB’s proposals do not follow one of these theories homogeneously and contain several additional inconsistencies. Irrespective of their pros and cons in the light of other criteria they, therefore, have to be criticized as highly problematic.