This comprehensive five-day training program on IFRS 17 provides participants with an in-depth understanding of the new standard for insurance contracts. IFRS 17 replaces IFRS 4 and introduces significant changes in how insurance contracts are accounted for and valued. This course will cover the key concepts, methodologies, and impacts of IFRS 17, enabling participants to grasp the complexities of the standard, from contract classification to financial reporting. Practical exercises and case studies will reinforce the learning process, ensuring participants are well-equipped to apply IFRS 17 in their respective organizations.
Course Details
1. Understand the key principles and objectives of IFRS 17.
2. Analyze the transition from IFRS 4 to IFRS 17 and its implications.
3. Classify and segregate insurance contracts according to IFRS 17.
4. Apply methods for valuing insurance contracts under IFRS 17.
5. Prepare and interpret the new financial statements for insurers under IFRS 17.
6. Implement IFRS 17 in financial reporting and assess its impact on business performance.