Mastering Ifrs 17: Comprehensive Guide To Insurance Contract

Unlock the Essentials and Advanced Techniques of IFRS 17 with Real-World Examples and Interactive MCQs

What you'll learn

Understand IFRS 17 Fundamentals

Master Measurement Techniques (Initial and Subsequent measurement)

Apply Different Accounting Approaches (Premium allocation and Variable fee approaches)

Presentation and Disclosure Requirements

Requirements

This course is accessible to all learners, including beginners. Recommended prerequisites include: basic accounting knowledge, interest in Financial Reporting, basic analytical skills to understand concepts, and a computer with internet access for course materials.

Description

Unlock the complexities of IFRS 17 with our comprehensive course, "Mastering IFRS 17: Comprehensive Guide to Insurance Contracts." This course is meticulously designed for finance professionals, accountants, and anyone eager to understand the intricacies of insurance contract accounting under IFRS 17.You will start with the fundamentals, exploring essential principles governing insurance contracts. Learn how to effectively separate non-insurance components and group contracts for accurate financial reporting. The course covers initial recognition and measurement overview, emphasizing the significance of discount rates and fulfilment cash flows.Dive deep into critical topics such as risk adjustments and the Contractual Service Margin (CSM), equipping you with essential insights into subsequent measurement processes. Understand the Premium Allocation Approach and the Variable Fee Approach through practical examples that illustrate their application in real-world scenarios.Additionally, we emphasize crucial presentation and disclosure requirements to ensure compliance with IFRS 17 standards. Engage with interactive MCQs designed to reinforce your learning and prepare you for practical implementation. Benefit from expert-led discussions and case studies that provide real-world context and enhance comprehension. By the end of this course, you will confidently navigate IFRS 17, ready to apply your expertise in insurance accounting. Enroll today to elevate your knowledge and skills in this essential area!

Overview

Section 1: Introduction

Lecture 1 IFRS 17 Bird's Eye View

Lecture 2 Insurance Contracts

Lecture 3 Introduction to IFRS 17

Lecture 4 Separating Non-Insurance Components

Lecture 5 Grouping of Insurance Contracts

Lecture 6 Initial Recognition

Lecture 7 Measurement Overview

Lecture 8 Examples of Initial Measurement

Lecture 9 Discount Rates

Lecture 10 Fulfilment Cashflows

Lecture 11 Risk Adjustment and CSM

Lecture 12 Subsequent Measurement Example 1

Lecture 13 Subsequent Measurement Example 2

Lecture 14 Subsequent Measurement Example 3

Lecture 15 Subsequent Measurement Example 4

Lecture 16 Premium Allocation Approach 1

Lecture 17 Premium Allocation Approach 2

Lecture 18 Reinsurance Contract Held 1

Lecture 19 Reinsurance Contract Held 2

Lecture 20 Variable Fee Approach 1

Lecture 21 Variable Fee Approach 2

Lecture 22 Presentation and Disclosures

This course is designed for finance professionals, insurance specialists, students, career changers, and lifelong learners seeking comprehensive insights into IFRS 17 and its application in insurance accounting.