IFRS 17Chapter 2Lesson 1
Portfolios, profitability groups and annual cohorts
Step 1 of 5Learning objectives
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Contracts are measured by group: portfolios are formed, divided into at least three profitability groups, then into annual cohorts; the EU exemption is a regional exception.
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Learning objectives
- Define a portfolio and form portfolios from given product lines.
- List the three minimum profitability groups and place contracts in the appropriate group.
- Allocate contracts to annual cohorts from their issue dates.
- Place the EU annual cohort exemption as a regional exception.