What does the IFRS for Insurance Contracts course cover?
IFRS for Insurance Contracts is covered here in 10 modules: Introduction to IFRS for Insurance Contracts, Insurance Contracts under IFRS 17: Definition and scope of, Recognition and measurement of, Measurement of Insurance Contracts: Fair value and cash flow and 7 more.
How do you approach IFRS for Insurance Contracts step by step?
The work is sequenced in 10 stages. It starts with Introduction to IFRS for Insurance Contracts, moves through Insurance Contracts under IFRS 17: Definition and scope of, Recognition and measurement of and Measurement of Insurance Contracts: Fair value and cash flow, and ends at Final Assessment and Certification: Certification of completion issued by The Art of Service.
What is in Module 1 of the IFRS for Insurance Contracts course?
Module 1 is Introduction to IFRS for Insurance Contracts. It works through overview of IFRS and its relevance to insurance contracts, key principles and concepts of IFRS for insurance contracts and scope and applicability of IFRS for insurance contracts. It sets the vocabulary the remaining 9 modules build on.
How is the IFRS for Insurance Contracts course delivered?
The IFRS for Insurance Contracts course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the IFRS for Insurance Contracts course cost?
The IFRS for Insurance Contracts course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
Closely related courses: IFRS for Insurance Contracts Toolkit, IFRS 17 Implementation for Insurance Contracts, IFRS 17 Insurance Contracts Implementation Checklist, IFRS 17.
More answers: what you get with every course, refund policy, all help answers.
Mastering IFRS for Insurance Contracts: A Step-by-Step Self-Assessment 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. Through interactive and engaging lessons, participants will gain the knowledge and skills needed to apply IFRS principles in real-world scenarios.Course Objectives
- Understand the fundamental principles of IFRS for insurance contracts
- Apply IFRS standards to insurance contracts in various scenarios
- Analyze and interpret financial statements of insurance companies
- Identify and address common challenges in implementing IFRS for insurance contracts
- Develop skills in preparing and presenting financial reports in accordance with IFRS
Course Outline
Module 1: Introduction to IFRS for Insurance Contracts
- Overview of IFRS and its relevance to insurance contracts
- Key principles and concepts of IFRS for insurance contracts
- Scope and applicability of IFRS for insurance contracts
Module 2. Insurance Contracts under IFRS 17: Definition and scope of, Recognition and measurement of
- Overview of IFRS 17 and its requirements for insurance contracts
- Definition and scope of insurance contracts under IFRS 17
- Recognition and measurement of insurance contracts under IFRS 17
Module 3. Measurement of Insurance Contracts: Fair value and cash flow
- Fair value and cash flow measurement of insurance contracts
- Discounting and interest rates for insurance contracts
- Risk adjustment and uncertainty in insurance contracts
Module 4. Revenue Recognition under IFRS 15: Definition and scope of revenue under IFRS 15
- Overview of IFRS 15 and its requirements for revenue recognition
- Definition and scope of revenue under IFRS 15
- Recognition and measurement of revenue under IFRS 15
Module 5. Accounting for Premiums and Claims: Accounting for premium revenue and claim expenses
- Recognition and measurement of premiums and claims
- Accounting for premium revenue and claim expenses
- Deferred acquisition costs and other insurance-related expenses
Module 6. Reinsurance and Other Insurance Contracts: Accounting for reinsurance premiums and claims
- Overview of reinsurance and other insurance contracts
- Recognition and measurement of reinsurance contracts
- Accounting for reinsurance premiums and claims
Module 7: Disclosure Requirements under IFRS
- Overview of disclosure requirements under IFRS
- Disclosure requirements for insurance contracts under IFRS 17
- Disclosure requirements for revenue recognition under IFRS 15
Module 8. Implementation Challenges and Best Practices: Lessons learned from real-world examples
- Common challenges in implementing IFRS for insurance contracts
- Best practices for implementing IFRS for insurance contracts
- Lessons learned from real-world examples
Module 9. Case Studies and Group Discussions: Group discussions and analysis of case studies
- Real-world case studies of insurance companies implementing IFRS
- Group discussions and analysis of case studies
- Application of IFRS principles to real-world scenarios
Module 10. Final Assessment and Certification: Certification of completion issued by The Art of Service
- Final assessment of participant's knowledge and understanding
- Certification of completion issued by The Art of Service
- Lifetime access to course materials and community support
Course Features
- Interactive and engaging lessons with real-world examples and case studies
- Comprehensive and up-to-date content covering the latest IFRS standards and developments
- Expert instructors with extensive experience in IFRS and insurance contracts
- Certification of completion issued by The Art of Service upon completion of the course
- Lifetime access to course materials and community support
- Flexible learning with mobile-accessible and user-friendly course platform
- Community-driven with discussion forums and group discussions
- Actionable insights and hands-on projects to apply IFRS principles in real-world scenarios
- Bite-sized lessons with manageable chunks of information
- Gamification and progress tracking to motivate and engage participants
Who Should Take This Course
- Accountants and financial professionals working in the insurance industry
- Insurance companies and organizations implementing IFRS for insurance contracts
- Regulatory bodies and auditors overseeing insurance companies
- Anyone interested in learning about IFRS for insurance contracts