There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles, or GAAP, while international companies use ...

Swiss Re’s adoption of IFRS 17 has resulted in some shifts atop AM Best’s rankings of the world’s largest reinsurers, which differ based on accounting standards. The Best’s Market Segment Report, ...

The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard, reflecting on the benefits and costs of the wide-ranging standard a decade ...

The reinsurer reported $36.2b of reinsurance revenue at end-2024. Swiss Re has moved to the top of AM Best’s ranking of reinsurers reporting under IFRS 17, shifting positions amongst the world’s ...

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle? Understand the uses of these two core principles. The revenue recognition principle is a ...

CARY, N.C., Aug. 8, 2025 /PRNewswire/ -- Malayan Insurance, one of the Philippines' largest non-life insurers, has become one of the first in the country to achieve full IFRS 17 readiness – two years ...