IFRS 17Chapter 2Lesson 2
Recognition date of the group and contract boundary
Step 1 of 6Learning objectives
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A group is recognised at the earliest of three dates; the cash flows measured are those within the contract boundary, set by the entity’s substantive rights and obligations.
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Learning objectives
- List the three dates, the earliest of which determines the recognition of a group.
- Determine the recognition date of a group from the dates of a case.
- Explain the contract boundary and assess whether future premiums are within it.