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What is the treatment for acquisition costs of an insurance contract such as comission paid to Agency/Broker under IFRS?

I'm trying to find guideline for acquisition cost of Insurace contract but it's still not clear.
IFRS 4 mentions about DAC - Deferred Acquisition Cost but there is no definition and clear treatment for DAC.
In my opinion, acquisition cost may be accounted for under IAS 18 to match Revenue and cost but Im not sure.
If you have the anser for this matter, please let me know.
Thank you so much!

asked Jul 29 in IFRS 4 - Insurance Contracts by tuandq Level 1 Member (1,100 points)

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