Comprehensive IFRS 17 Insurance Contracts Implementation Checklist Course
Course Overview This comprehensive course is designed to provide insurance professionals with a detailed understanding of IFRS 17 Insurance Contracts and its implementation. The course is interactive, engaging, and comprehensive, with a focus on practical, real-world applications.
Course Curriculum The course is divided into the following modules: - Module 1: Introduction to IFRS 17
- Overview of IFRS 17
- History and background of IFRS 17
- Key principles and objectives of IFRS 17
- Scope and applicability of IFRS 17
- Module 2: Insurance Contracts
- Definition of an insurance contract
- Types of insurance contracts
- Contract boundary
- Separating components of an insurance contract
- Module 3: Measurement of Insurance Contracts
- Initial measurement
- Subsequent measurement
- Discount rates
- Risk adjustment
- Contractual service margin (CSM)
- Module 4: Revenue Recognition
- Revenue recognition principles
- Insurance revenue
- Insurance service expenses
- Insurance service result
- Module 5: Disclosure Requirements
- Disclosure principles
- Disclosure requirements for insurance contracts
- Disclosure requirements for revenue and expenses
- Disclosure requirements for risk management
- Module 6: Transition to IFRS 17
- Transition principles
- Retrospective application
- Modified retrospective application
- Fair value application
- Module 7: Implementation Challenges and Solutions
- Common implementation challenges
- Solutions to implementation challenges
- System and process changes
- Data management and analytics
- Module 8: Case Studies and Practical Applications
- Case studies of IFRS 17 implementation
- Practical applications of IFRS 17
- Group discussions and exercises
Course Features - Interactive and Engaging: The course includes interactive elements such as quizzes, games, and discussions to keep participants engaged.
- Comprehensive and Up-to-date: The course covers all aspects of IFRS 17 and is updated regularly to reflect the latest developments.
- Practical and Real-world: The course includes case studies and practical applications to help participants understand the real-world implications of IFRS 17.
- Expert Instructors: The course is taught by experienced instructors who are experts in IFRS 17.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible Learning: The course is available online and can be completed at the participant's own pace.
- User-friendly: The course is designed to be user-friendly and easy to navigate.
- Mobile-accessible: The course is accessible on mobile devices, allowing participants to learn on-the-go.
- Community-driven: The course includes a community forum where participants can discuss topics and share experiences.
- Actionable Insights: The course provides participants with actionable insights and practical advice.
- Hands-on Projects: The course includes hands-on projects and exercises to help participants apply their knowledge.
- Bite-sized Lessons: The course is divided into bite-sized lessons, making it easy to fit into a busy schedule.
- Lifetime Access: Participants have lifetime access to the course materials.
- Gamification: The course includes gamification elements, such as points and badges, to make learning more engaging.
- Progress Tracking: Participants can track their progress and identify areas for improvement.
What to Expect Upon completion of the course, participants will have a comprehensive understanding of IFRS 17 and its implementation. They will be able to: - Understand the principles and objectives of IFRS 17
- Identify and measure insurance contracts
- Recognize revenue and expenses under IFRS 17
- Disclose information about insurance contracts
- Implement IFRS 17 in their organization
- Apply IFRS 17 in practical situations
Certificate of Completion Participants who complete the course will receive a Certificate of Completion, issued by The Art of Service. This certificate is a valuable credential that demonstrates the participant's expertise and knowledge of IFRS 17.,
- Module 1: Introduction to IFRS 17
- Overview of IFRS 17
- History and background of IFRS 17
- Key principles and objectives of IFRS 17
- Scope and applicability of IFRS 17
- Module 2: Insurance Contracts
- Definition of an insurance contract
- Types of insurance contracts
- Contract boundary
- Separating components of an insurance contract
- Module 3: Measurement of Insurance Contracts
- Initial measurement
- Subsequent measurement
- Discount rates
- Risk adjustment
- Contractual service margin (CSM)
- Module 4: Revenue Recognition
- Revenue recognition principles
- Insurance revenue
- Insurance service expenses
- Insurance service result
- Module 5: Disclosure Requirements
- Disclosure principles
- Disclosure requirements for insurance contracts
- Disclosure requirements for revenue and expenses
- Disclosure requirements for risk management
- Module 6: Transition to IFRS 17
- Transition principles
- Retrospective application
- Modified retrospective application
- Fair value application
- Module 7: Implementation Challenges and Solutions
- Common implementation challenges
- Solutions to implementation challenges
- System and process changes
- Data management and analytics
- Module 8: Case Studies and Practical Applications
- Case studies of IFRS 17 implementation
- Practical applications of IFRS 17
- Group discussions and exercises
Course Features - Interactive and Engaging: The course includes interactive elements such as quizzes, games, and discussions to keep participants engaged.
- Comprehensive and Up-to-date: The course covers all aspects of IFRS 17 and is updated regularly to reflect the latest developments.
- Practical and Real-world: The course includes case studies and practical applications to help participants understand the real-world implications of IFRS 17.
- Expert Instructors: The course is taught by experienced instructors who are experts in IFRS 17.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible Learning: The course is available online and can be completed at the participant's own pace.
- User-friendly: The course is designed to be user-friendly and easy to navigate.
- Mobile-accessible: The course is accessible on mobile devices, allowing participants to learn on-the-go.
- Community-driven: The course includes a community forum where participants can discuss topics and share experiences.
- Actionable Insights: The course provides participants with actionable insights and practical advice.
- Hands-on Projects: The course includes hands-on projects and exercises to help participants apply their knowledge.
- Bite-sized Lessons: The course is divided into bite-sized lessons, making it easy to fit into a busy schedule.
- Lifetime Access: Participants have lifetime access to the course materials.
- Gamification: The course includes gamification elements, such as points and badges, to make learning more engaging.
- Progress Tracking: Participants can track their progress and identify areas for improvement.
What to Expect Upon completion of the course, participants will have a comprehensive understanding of IFRS 17 and its implementation. They will be able to: - Understand the principles and objectives of IFRS 17
- Identify and measure insurance contracts
- Recognize revenue and expenses under IFRS 17
- Disclose information about insurance contracts
- Implement IFRS 17 in their organization
- Apply IFRS 17 in practical situations
Certificate of Completion Participants who complete the course will receive a Certificate of Completion, issued by The Art of Service. This certificate is a valuable credential that demonstrates the participant's expertise and knowledge of IFRS 17.,
- Understand the principles and objectives of IFRS 17
- Identify and measure insurance contracts
- Recognize revenue and expenses under IFRS 17
- Disclose information about insurance contracts
- Implement IFRS 17 in their organization
- Apply IFRS 17 in practical situations