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IFRS 17 Insurance Contract Accounting – How to do the numbers (Two day)

Quorum Training - A Wilmington Company
Course summary
2 days
1,150 GBP excl. VAT
London
Next available date: 27/11/2019 - London
e-learning / Online / Distance

Course description

IFRS 17 Insurance Contract Accounting – How to do the numbers (Two day)

By the end of the course participants will be able to demonstrate a thorough working knowledge of the rules applied by IFRS 17.

Suitability - Who should attend?

Anyone needing a comprehensive understanding of this standard particularly the finance department, to legal teams, sales departments, etc.

Training Course Content

Scope and definitions

  • General definition
  • Scope exclusions
  • Identifying insurance risk (as distinct from financial risk)

Determining the unit of account – aggregation and groups of contracts

  • The level of aggregation
  • Initial recognition – basic rule
  • Modifications

IFRS 17 measurement and presentation – the general model

  • The general model explained step by step with worked examples
  • Modifications for:
    • Contracts with direct participation features
    • Contracts with discretionary participation features
    • Reinsurance contracts held

IFRS 17 measurement and presentation – the premium allocation approach

  • Eligibility
  • The PAA explained step by step with worked examples

Other topics

  • Contracts with participation features
  • Contract modifications
  • Derecognition

Transitional rules

  • Explanation and illustration of the IFRS 17 approaches:

IFRS 17 disclosure

  • A review of the key disclosures and identification of new data requirements to comply

About provider

Quorum Training

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals. Covering Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities. Quorum deliver bespoke in-house and public training programmes....


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Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London

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