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Describe the conditions revenue recognition

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Reference no: EM132903322

Describe the conditions revenue recognition on exchange transaction should fulfill.

Describe the conditions revenue recognition from non exchange transactions should fulfill.

The country of United gap comprises five distinct regions .A is the largest, B,C,d are smaller equally sized mainland regions and E consists of a number of small and widely spread out islands .legislation, regulation, and taxation are same in every region of the UF and there is a state funded Healthcare system which offers the same services in every region.

A health insurer which is based in region a writes medical insurance business for the residents .these products offer cover for specified acute treatments, which can be carried out at any hospital of the policyhole3s choice.

Rregion c has announced that it will become completely separate and independent country and will no longer be a part of ghe others as at jan 1st 2017 the insurer will be permitted to continue to sell policies to region c residents

Describe the potential complications of this announcement for the PMI portfolio

Asession the potential short term implications of this action for the insurer's pmi reserves.

Reference no: EM132903322

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