The Insurance Contracts (IFRS 17) course aims to introduce participants to the International Accounting Standards Board's (IASB) standard on insurance contracts and their financial reporting. The course focuses on the principles and requirements of the standard for processing insurance contracts, providing a comprehensive understanding of how this standard is applied to financial analysis and disclosure of insurance transaction results.<\/p>\n
Participants will learn how to record insurance contracts under the new standard and how to identify the differences between IFRS 17 and previous standards such as IFRS 4, with a focus on measuring future liabilities related to insurance contracts. They will also review how to handle insurance contract revenue and how to apply the standard to different types of insurance contracts, such as life insurance and general insurance.<\/p>\n
The course will also cover the use of different measurement methods, such as the cash flow-based approach and the fair value approach, and the impact this has on financial reporting and accounting estimates. Additionally, it will review the practical challenges that organizations may face in implementing this new standard and how to effectively address these challenges.<\/p>\n
The course aims to provide participants with the knowledge necessary to accurately implement IFRS 17 in insurance institutions, enhancing financial transparency and compliance with international standards. The course targets accountants specializing in the insurance sector, financial managers, and internal auditors who handle financial reporting in insurance companies.<\/p>","protected":false},"excerpt":{"rendered":"
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