Dissertations / Theses on the topic 'Conversion to IFRS'

The purpose of the research is developing an understanding of the effect that International Financial Reporting Standards (IFRS) had, if any, on Canadian Publicly Accountable Enterprises (PAEs), specifically their external financial reporting compared to Canadian Generally Accepted Accounting Principles (Canadian GAAP). The focus of this research is the analysis of reported financial ratios of Canadian Banking companies for the year ended December 31, 2010, which will be tested for the statistically-significant differences between Canadian GAAP and IFRS. The research is designed to examine what impact on liquidity, leverage, profitability, and cash flows the change from Canadian GAAP to IFRS has, if any. Overall, the results indicated that there are no statistically significant differences between IFRS and CGAAP means and medians of financial ratios. However, the IFRS conversion did cause significant differences of the leverage ratios under IFRS and CGAAP. The statistical differences were found between medians of IFRS and CGAAP of equity ratios and means of equity’s and debt ratios. The outcomes of the investigation will be useful for Canadian public companies (specifically in the banking industry), investors, stockholders, and other lenders, all of whom rely on financial ratios for various purposes such as credit decisions and debt monitoring. In addition, the United States Government and enterprises in the United States will be able to learn from Canadian experience and make informed decisions about any future changes to accounting standards.

The target of this thesis is to describe conversion of the Czech financial statements to IFRS. Main differences between Czech accounting standards and IFRS are presented in the first part. The next part is focused on the conversion methods used for transation of the financial statements. The last part of the thesis includes practical example relating to the consolidation group of czech companies -- conversion of the consolidated financial statements prepared according to the Czech accounting standards to the consolidated financial statements prepared in accordance with IFRS.

The aim of the Master thesis is to depict the first application of International Financial Reporting Standard in the company that reports under Czech Accounting System. The aim is to describe each accounting systems on theoretical basis and deduct differences between them. Subsequently, the application of IFRSs is carried out on the practical level with the cooperation of the company IPB Invest, a.s. The primary goal is the conversion of financial statements based on the IFRS requirements. The attention is given to the technical implementation of financial statement conversion. The main business of the company is rendering of financial lease services. Therefore, the conversion in particular relates to accounting treatment of financial leases under IAS 17. The outcome are financial statements prepared in accordance with International Financial Reporting Standards.

The thesis' purpose is to familiarize the reader with the basic differencies between czech accounting law and IFRS. The first part focuses on czech financial statements as compared with IFRS financial statements, then deals with some of the crucial divergences between Czech accounting standards and IFRS. There is an example from practice at the end of the thesis that should help easier understanding of the theory.

The work deals with the adoption of the International Financial Reporting Standards (IFRS) by the companies, with the theory of the conversion of financial statements prepared in accordance with Czech legislation to the financial statements being in accordance with IRFS and the work also provides an overview of the most significant differences between the two treatments. The differences in selected areas covered by their own standards are described in detail to illustrate the problem.

The objective of this study is to add to the body of research concerning International Financial Reporting Standards (IFRS). To accomplish this objective, it will examine whether Canada’s adoption of IFRS, which replaced Canadian Generally Accepted Accounting Principles (GAAP), appears to affect the reported financial performance of Canadian public mining companies. Financial information for 2010 from the audited financial statements, as stated under IFRS and Canadian GAAP, were used to compute selected financial ratios. These financial ratios were tested to determine if statistically significant differences in their dispersion and central tendency resulted from adopting IFRS. It was found that no statistically significant differences existed in the dispersion of the ratios. However, statistically significant differences were found in the central tendency of three of the ratios: quick ratio, return on assets, and comprehensive return on assets. The results of this study will provide valuable information for investors, Canadian public mining companies, and government policy makers in other countries around the world.

The thesis is focused on the process and progress of business combinations under both IFRS and in accordance with Czech legislation. The first part describes the history of the business combination, their origin, development, and gradual changes from the past to the present. The following part focuses on the process and the types of transactions with companies under Czech legislation. The last chapter is focused on the differences and form IFRS and Czech legislation.

This thesis deals with the issue of the conversion of the financial statements according to the Czech accounting principles to the IFRS. The first part of the thesis is focused on the bases of the conversion of the financial statements, entities who are obliged to present the financial statements under the IFRS, principles of the recognition according to the Czech accounting principles and IFRS. It further presents the basic types of the differences between IFRS and Czech accounting principles, technics and ways of conversion and finally the first-time adoption of International Financial Standards. The second part continues with the specific examples of the chosen areas of the conversion to the IFRS in the real company. The first area is emission rights, the next one continues with the valuation difference on the acquired asset and the whole thesis is closed with the issue of the liability discount. Every area is divided into four parts: general principles under Czech accounting principles, general principles under the IFRS, general principles in the company and the specific case within this area and its accounting view.

The Thesis deals with the application of the International Financial Reporting Standards on the data generated under the Czech accounting legislation. It further analyses the necessary adjustments to be made for preparation of the financial accounts in accordance to the IAS/IFRS and compares the formal and content differences between financial statements prepared under Czech legislation and IAS/IFRS. The most freqence adjustments with regards to the conversion of the financial statements to IAS/IFRS are on the basis of different conception of the financial leasing, reserves and to certain long-term items of the companies with different tax incidences. The Thesis demonstrates these adjustments and quantifies its incidences on the firm.

This thesis deals with the issue of the conversion of the financial statements according to the Czech accounting legislation to the IFRS. The analytical part of the thesis shows the differences in reporting according to Czech accounting legislation and IFRS in the selected company. The final part of the thesis deals with the determination of the impact of the application of different systems of reporting financial information on the image of the financial position and business performance.

O presente trabalho trata dos desafios enfrentados para a reconfiguração espacial do Edifício Magazine Mesbla, em Porto Alegre, para ser ocupado como nova sede do campus Porto Alegre do Instituto Federal de Educação Profissional e Tecnológica do Rio Grande do Sul (IFRS). O Magazine Mesbla, juntamente com o edifício Mesbla Veículos, formam um conjunto arquitetônico de relevante importância para a cidade de Porto Alegre, como marco da arquitetura moderna dos anos quarenta. O Edifício Magazine Mesbla foi projetado pelo arquiteto de origem alemã Arnaldo Gladosh, em 1944, e construído em 1950, pela construtora Ernesto Woebcke com a finalidade de ser um edifício de uso misto. O térreo, a sobreloja e o 2º pavimento destinavam-se ao uso comercial, enquanto os pavimentos superiores eram ocupados por salas locadas para escritórios. Estilisticamente, esse conjunto arquitetônico associa-se à linguagem das arquiteturas vigentes nas décadas de 20 à 50, no mundo todo. Pode-se associar essa linguagem tanto ao expressionismo alemão de Peter Berehns, como também à arquitetura da Escola de Chicago de Sullivan, que influenciaram todos os arquitetos naquele momento da história. O edifício Mesbla constitui um marco na memória coletiva de Porto Alegre e hoje é sede do IFRS- Campus Porto Alegre, instituição pública de ensino técnico e tecnológico. Esse estudo resgata as origens históricas da produção do arquiteto Arnaldo Gladosh, em especial as obras referentes à “cidade Mesbla”, tipologia pensada para caracterizar as edificações dessa rede de lojas no Brasil. Entretanto, o foco principal desse estudo é a análise do edifício Mesbla em Porto Alegre, detalhadamente, explorando as possíveis estratégias de partido utilizadas pelo arquiteto. Essa dissertação também aponta os desafios encontrados para a reconfiguração dessas edificações para novo uso, comparando-os a exemplos de outros casos de reconversão de uso de outras edificações brasileiras. Além disso, essa investigação visa a apontar estratégias para intervir na obra do Magazine de Gladosh a partir da identificação e da análise do projeto original. Acrescido a isso, será abordado a elaboração de etapas de reconfiguração de uso do Mesbla visando ao melhor aproveitamento do espaço físico construído de forma a atender as necessidades do edifício como sede do campus. Neste trabalho, também são propostos indicativos tendo em vista a demanda do campus como um todo e, dessa forma, compor aporte teórico para promover uma reflexão com foco na elaboração de um novo partido arquitetônico para o IFRS- campus Porto Alegre a partir do partido do Magazine Mesbla de Gladosch.
This paper focuses on the challenges faced in the spatial reconfiguration of Building Magazine Mesbla in Porto Alegre to be ocupied as the new campus Porto Alegre, Federal Institute of Technological Education of Rio Grande do Sul (IFRS). The Magazine Mesbla along with Mesbla Vehicles building form architectural complex of great importance to the city of Porto Alegre as a landmark of modern architecture of the 40's. The Magazine Mesbla building was designed by the architect with German origens Arnaldo Gladosh in 1944 and built in 1950 by the builder Ernesto Woebcke in order to be a mixed-use building, with commercial on the ground floor and mezzanine floor and on the upper floors for offices and rented rooms. Stylistically this architectural complex attaches to the German expressionist architecture, we can affirm that architecture Gladosh is clearly influenced by the Peter Berehns, and also with the archicteture of Chicago School that influence all the archictetures of that moment of history. The Mesbla building constitutes a milestone in the collective memory of Porto Alegre and today is home to a public institution of technical and technological education. This study recovers the historical origins of the production architect Arnaldo Gladosh, especially works pertaining to the "city Mesbla" typology designed to characterize the buildings that store network in Brazil and the building Mesbla in Porto Alegre in detail exploring possible strategies for party used by the architect. This study also points out the challenges found for the reconfiguration of these buildings to new use, comparing them to examples of other cases recycling use of other Brazilian buildings. Furthermore, the study aims to pinpoint intervention strategies in the work of Magazine Gladosh through the identification and analysis of the project and drafting stages of reconfiguration of use in the best use of space and built their peculiarities with the proposed adjustments to the headquarters building campus. We also propose, in view of the demand of the campus as a whole, in order to propose indicative of composing theoretical framework to establish reflection focusing on the development of a new architectural advantage to IFRS-Campus Porto Alegre from Party Magazine Mesbla of Gladosch.

This diploma thesis is focused on the theoretical and practical issues connected with conversion of the consolidated financial statements prepared in accordance with Czech Accounting Standards to International Financial Reporting Standards. The thesis deals with adjusting items in the consolidated statements of the balance sheet and in the income statement. In addition, the thesis analyses items from individual balance sheets and income statements of the consolidated companies, in order to be able to set the consolidated statements based on IFRS.

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This dissertation intends to contribute to the studies of the international accounting in a moment when this matter is becoming very relevant for the business scenario of our country, even for regulatory, academic or professional purposes. The convergence of accounting practices around the world is no longer something distant from our reality, and it is finally becoming real, specially after the launching of the IFRS, which have been prospectively adopted for a growing number of countries in the most relevant economies around the world. This became a one-way process, mainly after the acceptance of the most relevant stock and exchanges markets of the world, the North American, to this international set of accounting principles, as from 2007, as a strong set of accounting principles and consequently with no requirements of reconciliation to US GAAP for listed Foreign Private Issuers. Brazil, that has not been very enthusiastic in this global harmonization process, acted more effectively as from 2007 with the issuance of the Instruction number 457 from the Brazilian Stock and Exchange Commission (CVM), which determines that Brazilian listed companies shall file their annual consolidated financial statements prepared in accordance with IFRS until 2010. Before this significant rule, some others have been made for other regulator bodies, such as Brazilian Central Bank (Bacen), which requests all financial institutions to present financial statements prepared in accordance with IFRS also until 2010 and Brazilian Stock and Exchange (Bovespa), through the Novo Mercado , that regulated that companies must prepare complementary financial information to those filed for local market purposes, in accordance with either IFRS or US GAAP. The adoption of a set of accounting principles as IFRS, means a quantum leap in this search for a highest level of Corporate Governance and transparency to the users of financial statements. This occurs in a moment when the growth of the world economy has been creating important impacts in Brazil, through the significant increase in the number of Initial Public Offerings. This is one of the biggest advantages in providing financial information which a higher level of quality to the market, the possibility of obtain capital with a lower cost, through loans and financing with premium rates or through the issuance of equity instruments. This dissertation aims at the following objectives: discuss the impacts of the adoption of IFRS in Brazil, through the case study of a Brazilian company that has already made this conversion process of their financial statements from the Brazilian accounting policies to IFRS. The comparative analysis of the financial statements studied in this dissertation shows that the financial statements prepared in accordance with IFRS provides a more comprehensive level of disclosures, if compared with those prepared in accordance with Brazilian accounting practices. However, the analysis of the financial index calculated from both financial statements shows that variations can be positive or negative, depending on the index. For this reason, the main conclusion reached in this case study is that a change in the mindset of those involved either in the preparation or the analysis of financial statements will be mandatory
Esta dissertação busca contribuir com os estudos da contabilidade internacional em um momento em que o tema se torna cada vez mais presente na realidade de nosso País tanto no meio regulatório como no acadêmico e no âmbito corporativo. A convergência das normas contábeis ao redor do mundo está deixando finalmente de ser algo distante de nossa realidade, sobretudo depois do advento das IFRS, que gradativamente têm sido adotadas pelas economias mais relevantes do mundo. Esse processo se tornou irreversível com a aproximação do mercado de capitais mais relevante do mundo, o norte-americano, com esse conjunto de normas contábeis, pela aceitação, a partir de 2007, de demonstrações financeiras das empresas estrangeiras com ações negociadas naquele mercado de capitais, de demonstrações financeiras preparadas de acordo com as IFRS, sem necessidade de reconciliação para os US GAAP. O Brasil, que vinha dando passos tímidos no caminho da harmonização contábil, ingressou definitivamente nesse processo a partir de 2007 com o advento da Instrução CVM nº. 457, que determina que as demonstrações financeiras consolidadas das companhias listadas no mercado brasileiro deverão ser preparadas de acordo com as IFRS até 2010. Antes desse movimento relevante rumo à convergência contábil, o mercado brasileiro havia percebido outras ações do Banco Central do Brasil (Bacen), exigindo das instituições financeiras a preparação de informações financeiras de acordo com as IFRS a partir de 2010 e da Bolsa de Valores de São Paulo (Bovespa), por meio do Novo Mercado, determinou que as companhias divulgassem informações financeiras complementares àquelas preparadas para atendimento do mercado local, de acordo com as IFRS ou os US GAAP. A adoção de um conjunto de normas contábeis, como as IFRS no Brasil, representa, portanto, um passo relevante em busca de um nível mais elevado de Governança Corporativa e transparência ao usuário. Isso ocorre em um momento em que o crescimento da economia mundial tem trazido reflexos importantes no Brasil, por meio do aumento significativo no número de empresas que realizam ofertas públicas de ações. Esta, aliás, é uma das principais vantagens em prover informações financeiras de maior qualidade ao mercado: a obtenção de recursos mais baratos seja mediante a obtenção de melhores taxas de empréstimos seja pela possibilidade de atrair capitais por meio de emissão de títulos patrimoniais. Esta dissertação busca atingir os objetivos: discutir os impactos da adoção das IFRS no Brasil, por meio do estudo de caso de uma companhia brasileira, que já passou pelo processo de conversão de suas demonstrações financeiras para as IFRS. A análise comparativa das demonstrações financeiras da companhia estudada nesta dissertação mostra que as demonstrações financeiras preparadas de acordo com as IFRS apresentam um melhor nível de divulgação, quando comparadas às demonstrações financeiras preparadas de acordo com as práticas contábeis adotadas no Brasil. Contudo, a análise dos índices financeiros, obtidos com base nos dois conjuntos de demonstrações financeiras, demonstra que as variações podem ser favoráveis ou desfavoráveis entre ambos. A conclusão a que se chega depois da análise dos referidos índices é que é necessária uma mudança da mentalidade dos analistas das demonstrações financeiras, bem como daqueles que tenham a responsabilidade de responder pelo desempenho das companhias

碩士
國立中央大學
企業管理學系在職專班
103
Globalization of economic activities has facilitated the establishment of Multinational enterprises and frequent international transaction. Under this situation, to standardize an international financial language is necessary for reviewing financial report, facilitating cross-nation business communication and lowering the barrier for international investment. International financial reporting standard (IFRS) is mature and has widely accepted by many countries. To catch up the trend, IFRS has been adopted by companies listed at stock, over-counter and emerging market from 2013 and other are from 2015. This dissertation emphasizes on issues may face while introducing IFRS and benefits to enterprises. As shown in the result, profession judgment and educational training of employers would significantly affect the success of introducing IFRS in Taiwan companies. In the other hand, quality of employer plays an important role to determine whether IFRS could be operated well in a company.　Finally, we suggest the company who wants to adopt the IFRS conversion should consider that the professional judgment of the appropriate internal personnel and education and training, to have IFRS relevant knowledge, another import with the assistance of external consultants, with internal and external personnel involved IFRS conversion and effective assessment and avoid factors will reduce the degree of efficiency reached, enterprises can successfully respond to the IFRS brought changes.

碩士
國立中央大學
企業管理學系
103
This study wants to investigate the degree of improvement in the assessment of the importance of corporate internal control elements of risk to the business of introducing internal audit of IFRS. Our country which adopted IFRS reporting guidelines is our study Object. Understanding the importance of businesses risk is high or low risk degree to the improvement after adopt IFRS internal auditing is high-impact or low. And internal audit will be vary because of industry, annual business, operating different types of companies or not. The study will find out the connection of each other country and understand that after adopting IFRS the degree of improvement in internal auditing is obvious or not. this study found that: 1. The degree of auditing improvement after adopting IFRS is obvious when the enterprises are very serious about the internal control of the business elements .The results showing "significant" differences. 2. Whether industries, the annual turnover, different business patterns after adopting IFRS. The internal auditing result are showing "no significant" differences.

碩士
國立中央大學
企業管理學系在職專班
103
The main purpose of this study was to examine the impact of IFRS adopted by companies with shares listed on the Taiwan Stock Exchange or traded on the Taiwan GreTai Securities Market or Emerging Stock Market in 2013 to corporate performance evaluation. Questionnaire survey was used in this study in 2015. The survey objects are IFRS financial managers of listed companies. in order to understand the business status after converting IFRS two years later. The results analysed by one-way ANOVA , SPSS. to investigate the influence of independent variable, IFRS conversion company size (turnover, number of employees and the number of years of incorporation) on dependent variable,business performance assessment. The results showed that the performaces of companies are significantly affected by IFRS conversion, which company the overall turnover and have been established for 20 to 35 years

碩士
國立中央大學
企業管理學系在職專班
103
From 2013 to 2015 in Taiwan, both publicly traded and emerging companies with the financial supervisory commission, which is in charge of the financial sector, continue to prepare financial statements in accordance with International Financial Reporting Standards (IFRS). In the questionnaire study done in April 2015, we target those companies that are either publicly traded on the Taiwan OTC or emerging rapidly after IFRS conversion in order to understand the impact on employee pension plan after the conversion. The results show that after introducing International Financial Reporting Standards, the number of employees and annual staff turnover rate will not affect the pension plan. Because the average length of service for employees in businesses founded earlier is longer than those in companies that are founded later, IFRS conversion will have a bigger impact on pension plans of those companies that are in business longer after taking into consideration the cost of the defined benefit plans.

碩士
國立中央大學
企業管理學系
102
With the technology well-developed, Enterprise Resource Planning（ERP）system has been viewed as a requirement while enhancing the efficiency of enterprises. However, ERP system has to be connected with business process closely, and carefully planned, implemented and maintained. Hence, not all of the enterprises with ERP system can benefit from it. In addition, not only listed and emerging companies but the financial industry governed by Financial Supervisory Commission（FSC）adopt the International Financial Reporting Standards（IFRS）when preparing the financial statements since 2013. The adjustment in ERP system due to IFRS conversion brings new risks for enterprises. Since internal auditors know the business operating process well and be able to lower the risk by designing effective internal control, this study used questionnaire survey method to analyze the impact of internal auditors’ involvement on ERP implementation and IFRS conversion. This study found that: (1) The change of internal audit function after ERP implementation, which had positive influence on the organization, was able to facilitate IFRS conversion. (2) Whenever internal auditors were involved in IFRS conversion, there was no significant impact on the achievement of the project. (3) The above mentioned findings may result from that the adjustments in the business during IFRS conversion could be slight.

碩士
國立中央大學
企業管理學系
103
In order to response to the worldwide trend, enterprises have officially adopted the International Financial Reporting Standards (IFRS) in recent years, and enterprise ERP system must be upgraded or made adjustments appropriately to the conversion. IT governance in ERP system is one of main points to corporate’s management. Good IT governance could make enterprises reduce the maintenance cost of ERP system, increase management quality, and enhance competitive advantage by increasing performance of ERP system. The purpose of this study was to investigate the impact of IT governance on performance of ERP implementation and IFRS conversion. This study used questionnaire survey method. Questionnaires were sent to top five thousand companies in Taiwan for the post-2012. The results revealed that: (1)Enterprise which has better IT governance could improve the level of attainment of ERP implementation, then enhance the performance of ERP implementation. (2)The performance of IFRS conversion could be enhanced by increasing the system and information quality of ERP system. (3)Level of attainment of ERP implementation could increase the quality of system and quality of information, and also the performance of IT governance and IFRS conversion of ERP system.

碩士
東吳大學
會計學系
103
Recently Taiwan listed and OTC firms conducted information system conversions in terms of mandatory IFRS implementation. However, firms could not adequately and immediately adjust their systems under limited resources because the implementation schedule is approaching. To fit the requirements of IFRS, firms need to decide priorities of system functions for adjusting towards to the changes of accounting standards. Therefore, this study adopts DEMATEL and chooses listed and OTC firms that have accomplished information systems as questionnaire targets. By utilizing the cost and risk analysis (CRA) and network relation map (NRM) technique, the evidences show two major findings. First, firms should consider self-development as major conversion method for sales and receipts related functions, while other transaction cycles could take outsourcing procurements as better solution. Second, under the consideration of switching costs and misstatement risks, firms should take direct relevant conversion strategy for two transaction cycles, which are general ledger and reports cycle, and sales and receipts cycle. Other cycles could consider adopting indirect progressive conversion or function preservation strategy for system adjustments if the resources constrained. These strategies could not only help firms achieve the goal of sustainable operation but also provide suggestions of choices for those SME firms encountering information system conversions in the future.

碩士
東吳大學
會計學系
103
All the listed companies and financial sectors charged by the Financial Supervisory Commission had adopted IFRS in making financial statements from 2013. By Comparing with the original ROC GAAP, the new one is based on the principle basis. In this situation, the information system of enterprises needs to make some adjustment, and therefore the information services industry plays a key role in the IFRS conversion process. By literature review, it is found that past studies on IFRS mainly focused on the accounting standards or practical case application, and seldom in the viewpoint of helping enterprise’s IFRS conversion by information services industry. Therefore, this study aims at discussing how to respond accordingly to IFRS from the role of software services providers, and providing successful experience through the listed companies in order to help those who will carry out IFRS conversion in the future. This study will proceed with a case study and analysis following three issues as below: (1) The impact of IFRS on the information systems. (2)The steps and methods in helping IFRS conversion for the enterprises. (3) The successful key factors. Through empirical analysis of IFRS conversion process, the study finds that main impacts on information system consist of : IAS18 Revenue Recognition, IAS16 Property, Plant and Equipment, IAS21 Functional Currency, IFRS8 Operating Segments Disclose, IFRS1 First-time Adoption of IFRS, IAS1 Presentation of Financial Statements, IAS27 Consolidated Financial Statements, IAS7 Cash Flow Statements, etc.. On the other hand, the study also finds key factors and successful elements of helping enterprise’s IFRS conversion by information services industry. They are: the establishment of project team, professional IFRS consultant by accountant, the modality for cooperation between accounting firm, innovative service model, the full support of information products, the substantial support of project management, and so on.

碩士
淡江大學
保險學系保險經營碩士在職專班
101
Title of Thesis: Total Pages :128 The Study of lmpact on the conversion to IFRSs for insurance industry Key word : IFRSs、Insurance Contract、Equity Name of Institute : Department of Insurance Graduate date : December 2012 Degree conferred : Master Name of student :Ko -Wei Weng Advisor:Chung-Jen Hao 翁 克 偉 郝 充 仁 Abstract : The life insurance industries in Taiwan is implementing the International Financial Reporting Standards (IFRSs) on January 1, 2013. This study explores and discusses the significant differences and impacts resulted from the implementation. Therefore, this paper will observe the developing history of the IFRSs, the successive changes in foreign countries after they imported the IFRSs,the differences between the IFRSs and our current accounting standards, and then compares the differences and impacts revealed in the financial reports of the 29 life insurance companies after the implementation of IFRSs. The conclusions of this study can be summarized as the following five points: 1.After the implementation of the IFRSs,the equity of all the life insurance companies will have an increase of 23.973 billion NT, accounting for 5.62% of the original ROC GAAP equity 426.95 billion NT. Profit and loss of the entire life insurance industries will have a decrease of 1.377 billion NT, accounting for 19.53% of the original ROC GAAP profit and loss 7.048 billion NT. 2.The main cause of variation is IFRS 4 Insurance Contracts,which makes the equity of all the life insurance companies increase. 3.According to impact degrees of the IFRSs on the equity, we can list the names as follows. Investment Property and Financial Assets Appraisal causes increase; Income tax, Employee Benefits, and Property，plant and equipment causes decrease. The impact of other standards is relatively small. 4.The life insurance industry is a chartered industry. In addition to the provisions of IFRSs, Financial Supervisory Commission has additional provisions for the domestic situation, which makes the the implementation of the IFRSs still a little inconsistent with international regulations. 5.Does the investment withdrawal and the foreign sale and Acquisition wave have anything to do with the implementation of the IFRS4-Insurance Contract ? Or are the foreign industries willing to sell at a discount because they want to lift the old policy long-term interest rate exposure burden (loss from difference of interest rate) and to retain the capital in the areas with competitive advantages. The results of this study could not draw any real conclusion .