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Mastering IFRS for Insurance Contracts; A Step-by-Step Guide

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Mastering IFRS for Insurance Contracts: A Step-by-Step Guide



Course Overview

This comprehensive course is designed to provide participants with a thorough understanding of the International Financial Reporting Standards (IFRS) for insurance contracts. The course will cover the fundamental principles, concepts, and requirements of IFRS 17, as well as practical applications and real-world examples.



Course Objectives

  • Understand the key principles and requirements of IFRS 17
  • Learn how to apply IFRS 17 to insurance contracts
  • Gain practical experience with real-world examples and case studies
  • Develop skills in financial reporting and analysis for insurance contracts
  • Obtain a Certificate of Completion issued by The Art of Service


Course Outline

Module 1: Introduction to IFRS 17

  • Overview of IFRS 17
  • Key principles and requirements
  • Scope and applicability
  • Comparison with previous standards

Module 2: Insurance Contracts

  • Definition and characteristics of insurance contracts
  • Types of insurance contracts
  • Accounting for insurance contracts
  • Recognition and measurement

Module 3: Measurement of Insurance Contracts

  • Fulfillment cash flows
  • Contractual service margin
  • Risk adjustment
  • Discounting and interest rates

Module 4: Premium Allocation Approach

  • Overview of the premium allocation approach
  • Eligibility criteria
  • Measurement and recognition
  • Disclosure requirements

Module 5: Reinsurance Contracts

  • Definition and characteristics of reinsurance contracts
  • Accounting for reinsurance contracts
  • Recognition and measurement
  • Disclosure requirements

Module 6: Disclosure Requirements

  • Overview of disclosure requirements
  • Quantitative and qualitative disclosures
  • Disclosure of accounting policies
  • Disclosure of judgments and estimates

Module 7: Transition and Implementation

  • Overview of transition requirements
  • Implementation guidance
  • Disclosure requirements
  • Effective date and early adoption

Module 8: Case Studies and Practical Applications

  • Real-world examples and case studies
  • Practical applications of IFRS 17
  • Group discussions and exercises
  • Hands-on projects and activities


Course Features

  • Interactive and engaging learning experience
  • Comprehensive and personalized course content
  • Up-to-date and practical knowledge and skills
  • Real-world applications and case studies
  • High-quality content and expert instructors
  • Certificate of Completion issued by The Art of Service
  • Flexible learning options and user-friendly platform
  • Mobile-accessible and community-driven
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking


Certificate of Completion

Upon completion of the course, participants will receive a Certificate of Completion issued by The Art of Service. This certificate is a testament to the participant's knowledge and skills in IFRS 17 and can be used to demonstrate their expertise in financial reporting and analysis for insurance contracts.

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