Essentials - A Focus on IFRS 17 Insurance Contract Accounting (Virtual Classroom)
Course
Online
Description
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Type
Course
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Level
Intermediate
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Methodology
Online
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Class hours
4h
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Duration
1 Day
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Virtual classes
Yes
This online IFRS 17 training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).
You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the IFRS training topic, you are looking for, or if you would like an online classroom in another time zone, please tell us.
Preparing for and implementing IFRS 17 is problematic and challenging. It requires considerable effort to gain an initial understanding of the impact on the reported numbers as well as the necessary upgrades to processes and systems to enable them to deliver IFRS 17 compliant data.
This course is aimed not only at preparers and users of accounts but also IFRS 17 implementation team members and will provide an initial working knowledge of how the standard works.
About this course
- Gain an entry level awareness of elements of the general accounting model and premium allocation approach applied by IFRS 17
- Articulate the key numbers that will be presented in the statements of profit or loss and financial position and how different they are to current practice
- Explain the main areas of difficulty that will most likely arise in practice
- Demonstrate the timetable for transition to IFRS 17 and the options permitted for achieving that
Insurance sector accountants
actuaries
Insurance accounting systems consultants
Insurance sector analysts
Basic understanding of accounting under IFRS or any national standards. No advance preparation is required for this course.
Reviews
Subjects
- Insurance
- IFRS
- Works
- Accounts
- Accounting and Finance
- Finance Market
- Financial Training
- Financial Accounting
- Financial Management
- Finance Economics
Teachers and trainers (1)
Instructor TBC
Instructor
Course programme
Introduction – why IFRS 17?
Application date and transition options
Identification of insurance contracts and groups
How the general model works – initial recognition and subsequent measurement
General model – tricky areas
The premium allocation approach – initial recognition and subsequent measurement
The modified general model for reinsurance
Other IFRS 17 topics outlined
Essentials - A Focus on IFRS 17 Insurance Contract Accounting (Virtual Classroom)