IFRS 17: INSURANCE CONTRACTS
Available Dates & Locations
COURSE OVERVIEW
The IFRS 17 – Insurance Contracts Training Course, spanning five days, provides a comprehensive exploration of International Financial Reporting Standard 17 (IFRS 17). This course equips participants with the knowledge and skills to understand and implement IFRS 17 effectively in the insurance industry. It covers the intricacies of insurance contract accounting, ensuring compliance with global accounting standards.
COURSE OBJECTIVES
By attending this course, participants will be able to:
- Apply IFRS 17 principles accurately to insurance contract accounting, ensuring compliance with the standard.
- Understand and analyze the actuarial aspects of insurance contracts, including measurement and assumptions.
- Identify and assess risks associated with insurance contracts, including insurance liability and risk adjustment.
- Prepare financial statements in compliance with IFRS 17, reflecting the unique characteristics of insurance contracts.
- Prepare comprehensive disclosures related to insurance contracts in compliance with IFRS 17.
- Manage the transition from existing accounting standards to IFRS 17, including data conversion and system changes.
TARGET COMPETENCIES
- Insurance Contract Accounting
- Actuarial Analysis
- Risk Assessment
- Financial Reporting
- Disclosure Requirements
- Transition Management
This course is designed for insurance professionals, accountants, auditors, actuaries, and financial analysts involved in insurance contract accounting and reporting. It is suitable for individuals seeking to enhance their expertise in IFRS 17 compliance within the insurance sector.
This course employs a dynamic approach, blending theoretical discussions, practical case studies, actuarial modeling exercises, and group discussions. Participants will engage with real-world insurance contract scenarios to gain practical insights into applying IFRS 17.
