IFRS 17 Insurance Contracts: The Fundamentals
Description
This CPE-eligible IFRS 17 eLearning course provides accounting and finance professionals with a foundational understanding of IFRS 17. It focuses on the global standard governing insurance contracts.
The course takes an engaging and practical approach to help participants ensure compliance and improve financial reporting accuracy. Participants will start by identifying contracts within the scope of IFRS 17. Guidance is provided on when contracts must be combined or separated for proper accounting.
The course explains the principles of recognition and measurement for insurance contracts. It emphasizes the application of IFRS 17’s key methodologies. It also covers financial statement presentation requirements, including essential disclosures and the proper structure of insurance-related financial reports.
These insights will help participants navigate the complexities of reporting under IFRS 17 with confidence. By completing this course, you’ll be ready to apply IFRS 17 to your organization’s insurance contracts. This ensures compliance and promotes transparency in financial reporting.
This course is ideal for accounting professionals, auditors, and finance teams preparing or reviewing insurance-related financial statements.
Learning objectives:
By the end of this course, you should be able to:
- Identify contracts within the scope of IFRS 17 and when certain contracts must be combined or separated for the purposes of applying IFRS 17
- Recall the fundamental recognition and measurement principles for insurance contracts accounted for under IFRS 17
- Identify the financial statement presentation requirements for insurance contracts under IFRS 17
Course Outline
This course includes the following Topics:
1. Topic 1: Background, scope, and separating components
2. Topic 2: Aggregation, timing of recognition, and contract boundary
3. Topic 3: Measurement models
4. Topic 4: Presentation
5. Topic 5: Wrap up
Additional Information
| Last Updated | 12/01/2024 |
|---|---|
| CPE Credit | 2 |
| Field of Study | Accounting |
| Industry | Insurance |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Intermediate |
| Private | No |
| Prerequisites | Working knowledge of IFRS financial statements |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$199
2h 00m
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