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Essentials - A Focus on IFRS 17 Insurance Contract Accounting (Virtual Classroom)

IASeminars
Course summary
4 hours
395 GBP
Part time
Professional Training
Next available date: 01/12/2021 - Online courses
Course Dates
Online courses
395 GBP
01/12/2021

Online courses
395 GBP
01/04/2022

Online courses
395 GBP
22/07/2022

Online courses
395 GBP
Contact our team today to ask about our live, online course schedule.

Course description

Essentials - A Focus on IFRS 17 Insurance Contract Accounting (Virtual Classroom)

This online IFRS 17 training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).

Preparing for and implementing IFRS 17 is problematic and challenging. It requires considerable effort to gain an initial understanding of the impact on the reported numbers as well as the necessary upgrades to processes and systems to enable them to deliver IFRS 17 compliant data.

This course is aimed not only at preparers and users of accounts but also IFRS 17 implementation team members and will provide an initial working knowledge of how the standard works.

This course is an important overview for finance professionals to evaluate the impact of IFRS 17 on the financial statements. 

Suitability - Who should attend?

This training course is especially suitable for:

  • Insurance sector accountants
  • actuaries
  • Insurance accounting systems consultants
  • Insurance sector analysts

Outcome / Qualification etc.

This course is beneficial to preparers and users of IFRS financial statements and IFRS 17 implementation teams.

  • Gain an entry level awareness of elements of the general accounting model and premium allocation approach applied by IFRS 17
  • Articulate the key numbers that will be presented in the statements of profit or loss and financial position and how different they are to current practice
  • Explain the main areas of difficulty that will most likely arise in practice
  • Demonstrate the timetable for transition to IFRS 17 and the options permitted for achieving that

This course is worth 4 CPD hours.

Training Course Content

This course is designed to cover the following key topics:

  • Introduction – why IFRS 17?
  • Application date and transition options
  • Identification of insurance contracts and groups
  • How the general model works – initial recognition and subsequent measurement
  • General model – tricky areas
  • The premium allocation approach – initial recognition and subsequent measurement
  • The modified general model for reinsurance
  • Other IFRS 17 topics outlined

Why choose IASeminars

We've trained over 18,000 participants since 2002.

50% of our business comes from returning clients.

We offer both instructor-led and self-study courses, with instructor-led training being delivered over Zoom during the pandemic.

Expenses

The cost of this training course is £495. 

In-House Training

In addition to the scheduled dates and locations, IASeminars can also run this course as in-house training, to meet the specific requirements of your team. Contact them here to request a customised training solution for your team.

About provider

IASeminars Offer Client Focus Training Solutions 

Whatever your requirements are for training in international accounting, you can be assured that IASeminars are ready to deliver. Offering topics such as IFRS, US GAAP, IPSAS, Management Accounting and Banking Regulation we are passionate about helping you progress your...


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Contact info

IASeminars

15 Westferry Circus
Canary Wharf
E14 4HD London

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www.iaseminars.com


Reviews

Average rating 4

Based on 1 reviews.

Anonymous
IASeminars is very organized and provide excellent training, I was better able to understand IFRS17.
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