Course Outline
Introduction
- The Transition from IFRS 4 to IFRS 17
Overview of IFRS 17
- Changes from IFRS 4 to IFRS 17
Insurance Contracts
- Interpreting an Insurance Contract
- Segregating Non-Insurance Elements
- Identifying Insurance Risk
- Organizing Contracts into Units of Account and Portfolios
Financial Statements
- Understanding the General Measurement Model
- Grouping Entries into Blocks
- Other Accounting Models
- Analyzing a Real-World Financial Statement
Measurement Approaches
- Initial Recognition
- Subsequent Measurement
- Premium Allocation Approach
Managing Contract Types
- Reinsurance Contracts
- Direct Participation Contracts
- Discretionary Participation Contracts
- Modified Contracts
- Derecognition of an Insurance Contract
Transitional Rules and Approaches
- Fully Retrospective
- Modified Retrospective
- Fair Value
Disclosures
- Understanding the Disclosure Requirements in IFRS 17
- New Data Requirements
- Other Compliance Issues
Transitioning to IFRS 17
- Assessing the Scope of an IFRS 17 Transition for Government
- Assembling an Implementation Team
- Preparing a Transition Plan
- Creating and Maintaining a Schedule
Transparency and Profitability
- Identifying and Measuring Insurance Contract Performance
- Enhancing Transparency in Contracts and Reporting
- Increasing the Profitability of an Insurance Company
Summary and Conclusion
Requirements
- A foundational knowledge of basic accounting principles for government
Audience
- Insurers
- Controllers
- Analysts
- Actuaries
- Auditors
- Accountants and other finance professionals for government
Testimonials (5)
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
i like that it was easy to understand - not too technical
Kirthanya Pillay - Woolworths Financial Services
Course - FinOps Certified Practitioner (FOCP) Preparation
he was informative, shared a lot of material to reference
Siphokazi Mnyebeleza
Course - FinOps For Engineers
Personal service and orientated to my needs
ANN - New Vitality Clinic
Course - GnuCash for Business Accounting
The lecturer is very knowledgeable and can substantiate theories with his own personal experiences.