IFRS 17 online course. Insurance Contracts
IFRS 17 online course: the key to understanding and applying the latest standards for insurance contract accounting and reporting.
This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.
Getting a solid grasp on insurance contract accounting under the International Financial Reporting Standards® starts with a clear understanding of IFRS 17, Insurance Contracts. This basic course lays the groundwork for those new to the field, providing essential knowledge and practical tips for navigating this specific area.
The program will impart understanding on several critical areas, such as:
- the complexities of insurance contract accounting,
- The applicability and boundaries of IFRS 17,
- The principles of grouping contracts and acknowledging them, and
- The methodologies for measurement.
This course includes interactive learning elements, video content, and real-life application through case studies.
- Understand why insurance contracts require unique financial reporting standards.
- Learn the main components of IFRS 17 and which contract types it covers.
- Choose the right approach for valuing and reporting profit and loss for insurance contracts according to IFRS 17.
Who should take this IFRS 17 online course?
- Accounting, finance, and insurance professionals new to IFRS 17, Insurance Contracts, working towards the IFRS® certificate.
- Individuals interested in expanding their knowledge of international financial reporting standards related to insurance contracts.
Key topics under IFRS 17 online course
- Inherent complexities of insurance contracts accounting
- Common contract types subject to IFRS 17
- Relevant exclusions
- Portfolio aggregation requirements
- Recognition guidelines
- Measurement approaches
Professional development
This Course - Online offers 1.5 hours of CPE credit.
| Prerequisites: | Familiarity with financial reporting and accounting principles under IFRS |
|---|---|
| Duration: | 1.5h |
| Format: | Course - Online |
| Access: | This is a digital product. You will have access to the content for a year after purchase date. Course access is given within 2 days of purchase via email from AICPA |
Certification
Students get a AICPA certificate after scoring 70% and above on the assessment at the end of the course