A tailored course, built for your situation
Mastering IFRS 17 for Financial Reporting Analysts
Turn complex insurance accounting rules into fast, auditable financial outputs
$199 one-time
24-hour access provisioning
30-day money-back guarantee
Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
IFRS 17 implementations are taking 2, 3 quarters longer than projected across global insurers, not due to lack of effort, but lack of structured execution playbooks
The situation this course is for
Teams are drowning in commentary, chasing auditor feedback, and stuck in revision loops because they lack a standardized, step-by-step method to translate IFRS 17 requirements into clean, defensible financial outputs. Most materials focus on theory, not the actual deliverables needed at each stage of the close cycle.
Who this is for
Financial Reporting Analysts in large financial institutions working under IFRS 17 mandates, responsible for turning technical accounting rules into auditable disclosures on tight timelines
Who this is not for
Executive leadership overseeing IFRS 17 strategy without hands-on reporting duties, or auditors looking for high-level overviews
What you walk away with
- Produce first-draft compliance-ready disclosures in under 10 business days post-close
- Reduce auditor revision cycles by at least 50% using pre-validated templates
- Apply a modular workflow to each new liability measurement scenario
- Use plain-language checklists to align with actuarial and finance partners faster
- Confidently own the end-to-end IFRS 17 close package without escalation delays
The 12 modules (with all 144 chapters)
Module 1. IFRS 17 Foundations: Scope and Applicability in Financial Services
Establish a working understanding of IFRS 17’s three models (GPM, PAA, VFA) and determine which applies to Macquarie’s insurance contracts, with real-world segmentation examples.
12 chapters in this module
- Identify insurance contracts under IFRS 17 criteria
- Distinguish between general and deposit-based insurance
- Apply scope exclusion tests for investment contracts
- Map existing liabilities to IFRS 17 categories
- Determine transition method applicability
- Classify contracts under GPM vs PAA
- Evaluate variable fee approach eligibility
- Assess portfolio segmentation thresholds
- Document initial recognition triggers
- Align contract boundary decisions with actuarial inputs
- Validate coverage period definitions
- Build a master classification tracker
Module 2. Building the Measurement Model: Fulfilment Cash Flows
Walk through the construction of fulfilment cash flows using realistic assumptions, including discount rates, mortality, and expenses, with templates for consistency.
12 chapters in this module
- Estimate unbiased cash flow projections
- Apply probability-weighted outcomes
- Incorporate future service margins
- Discount using current yield curves
- Adjust for liquidity premiums
- Integrate claims development patterns
- Model renewal commission impacts
- Include risk adjustment methodologies
- Benchmark against peer assumptions
- Document actuarial calibration inputs
- Version control for assumption updates
- Link cash flows to balance sheet recognition
Module 3. Contractual Service Margin: Recognition and Amortisation
Master the recognition and amortisation of CSM over time, including unlocking and changes in estimates, with worked examples.
12 chapters in this module
- Calculate initial CSM at inception
- Amortise CSM using coverage units
- Update CSM for new information
- Handle loss recognition events
- Track unlocking impact
- Adjust for changes in discount rates
- Reassess mixed contract allocations
- Apply impairment checks
- Document changes in service period
- Link CSM changes to income statement
- Produce audit-ready CSM roll forwards
- Compare CSM outcomes across portfolios
Module 4. Fair Value Adjustments and Risk Margins
Implement consistent risk margin methodologies and understand the impact of risk adjustment on financial reporting.
12 chapters in this module
- Define risk margin purpose under IFRS 17
- Choose confidence level for calculations
- Apply cost-of-capital method
- Benchmark risk margins across entities
- Adjust for credit risk
- Link risk margins to discount rates
- Estimate risk adjustment volatility
- Document rationale for assumptions
- Aggregate risk margins by portfolio
- Reconcile to prior periods
- Produce disclosures for risk margin
- Align with internal capital models
Module 5. Presentation and Disclosure Requirements
Generate required financial statements and footnotes using structured templates that meet auditor and regulator expectations.
12 chapters in this module
- Format the statement of financial position
- Present CSM in equity section
- Disclose reconciliation of CSM
- Break out risk adjustment in notes
- Detail discount rate assumptions
- Summarise fulfilment cash flows
- Explain portfolio segmentation
- Report coverage unit methodology
- Describe transition impacts
- List significant judgements
- Link disclosures to internal controls
- Version disclosures for quarterly updates
Module 6. Data Architecture for IFRS 17 Compliance
Map source systems, data lineage, and transformation rules to ensure traceability from actuarial models to financial outputs.
12 chapters in this module
- Identify core data sources
- Define data ownership roles
- Map data flow from actuarial to finance
- Validate model-to-ledger alignment
- Create data lineage diagrams
- Document transformation rules
- Set up reconciliation checks
- Track assumption inputs across systems
- Version control for data definitions
- Automate data validation scripts
- Secure sensitive inputs in reporting
- Audit trail for disclosure changes
Module 7. Actuarial-Finance Collaboration Framework
Establish clear handoffs and feedback loops between actuarial teams and financial reporting using shared templates and timelines.
12 chapters in this module
- Define joint timeline for close process
- Set assumption review checkpoints
- Standardise assumption request formats
- Create cross-team validation steps
- Document handoff approval process
- Align discount rate updates
- Integrate model variations into reporting
- Link model runs to disclosure notes
- Track version-controlled model outputs
- Resolve discrepancies collaboratively
- Automate assumption change notifications
- Build trust through consistent delivery
Module 8. Internal Controls and Audit Readiness
Implement controls that ensure accuracy, completeness, and defensibility of IFRS 17 reporting for internal and external audit.
12 chapters in this module
- Map key controls to IFRS 17 processes
- Document control owners
- Test control effectiveness
- Prepare walkthroughs for auditors
- Maintain version control logs
- Secure assumption documentation
- Track reconciliation exceptions
- Certify data lineage accuracy
- Validate model-to-ledger alignment
- Archive disclosure drafts
- Respond to audit queries efficiently
- Update controls quarterly
Module 9. Transition Methods and Opening Balances
Apply cumulative effect method or full retrospective approach correctly to establish accurate opening balances.
12 chapters in this module
- Choose transition method for entity
- Calculate opening CSM
- Adjust retained earnings
- Reconcile to pre-IFRS 17 reserves
- Document policy elections
- Apply practical expedients
- Disclose transition impacts
- Link to comparative period data
- Validate opening discount rates
- Audit trail for transition entries
- Train teams on new basis
- Update reporting templates
Module 10. Disclosures for Senior Management and Regulators
Create executive summaries and regulator-facing documents that clearly explain IFRS 17 impacts and assumptions.
12 chapters in this module
- Summarise financial impact
- Explain CSM movements
- Highlight risk margin changes
- Present sensitivity analyses
- Benchmark against peers
- Translate technical details
- Align with capital reporting
- Prepare response scenarios
- Version control for executive docs
- Reconcile to quarterly filings
- Submit to internal governance
- Archive regulator submissions
Module 11. Ongoing Maintenance and Change Management
Update IFRS 17 reporting efficiently as assumptions, contracts, or standards evolve.
12 chapters in this module
- Monitor assumption changes
- Review model updates
- Update disclosure templates
- Reconcile monthly variances
- Assess new contract applicability
- Apply standard updates
- Communicate changes internally
- Train new team members
- Update control documentation
- Audit change logs
- Benchmark against industry
- Optimize for faster close
Module 12. Accelerating the Close Cycle: From Month-End to Final Filing
Implement a streamlined close process that reduces rework and speeds compliance-ready output.
12 chapters in this module
- Define close timeline milestones
- Assign ownership for each deliverable
- Integrate automated checks
- Reduce manual adjustments
- Use pre-validated templates
- Align with SOX 404 controls
- Shorten review rounds
- Track progress with dashboards
- Implement early warning flags
- Standardise team handoffs
- Reduce close cycle by 30%
- Achieve first-time readiness
How this maps to your situation
- Month-end close under IFRS 17
- Actuarial assumption integration
- Audit preparation cycle
- Regulator-facing disclosures
Before vs. after
Before
Spending weeks compiling disclosures, chasing inputs, and revising drafts due to inconsistent assumptions and unclear ownership
After
Producing clean, audit-ready IFRS 17 disclosures within 10 days of close, using a repeatable workflow and pre-validated templates
What's included with your purchase
- 12 modules with 12 chapters each (144 chapters)
- Downloadable templates and worked examples for every module
- Hand-built implementation playbook delivered alongside course access
- 30-day money-back guarantee
Delivery and format
- Course and learning environment access provisioned within 24 hours of purchase
- Hand-built implementation playbook delivered alongside course access
Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.
Time investment: Approximately 1.5 hours per module, designed to be completed over 6, 8 weeks with flexible pacing.
If nothing changes
Continuing with ad-hoc processes risks delayed filings, increased audit friction, and missed opportunities to position yourself as a go-to expert in high-visibility financial reporting.
How this compares to the alternatives
Unlike generic IFRS 17 overviews or academic texts, this course delivers actionable, step-by-step workflows used by top-tier financial institutions to cut close cycle time and reduce auditor revisions , without requiring advanced actuarial knowledge.
Frequently asked
Is this course suitable for analysts without actuarial backgrounds?
Yes. The course focuses on the financial reporting and disclosure aspects of IFRS 17, using plain-language explanations and templates that don’t require deep actuarial knowledge.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Can I use this alongside my current reporting tools?
Yes. Templates are tool-agnostic and designed to integrate with Excel, SAP, or reporting platforms used in financial institutions.
$199 one-time. Approximately 1.5 hours per module, designed to be completed over 6, 8 weeks with flexible pacing..
Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.
30-day money-back guarantee·
144 chapters·
Hand-built playbook included·
Account access within 24 hours