This two-day course will focus on accounting for insurance contracts as per IFRS 17. Shasat offers over 300 public and 150 in-house training courses every year in more than 70 cities in 6 languages covering a wide range of topics such as IFRS, USGAAP, IPSAS, Risk, Regulatory, & Compliance programs. This instructor-led, live training (online or onsite) is aimed at managers who wish to gain a working understanding the IFRS 17 … This webinar is one of a series of implementation and educational materials being produced on IFRS 17. IFRS 17 IFRS 17 is the newest IFRS standard for insurance contracts and replaces IFRS 4 on January 1st 2022. Learn how revenue is calculated in IFRS 17, apply the presentation requirements to a basic insurance contract, and understand more on the reconciliations disclosed in the financial statements. A common level of understanding will get you on the right track to ensuring your IFRS 17 project achieves its objectives and budget. This two-day course will focus on accounting for insurance contracts as per IFRS 17. Learn about the transition requirements and the basic requirements for reinsurance accounting. This course focuses on the key technical requirements of IFRS 17, the differences from IFRS 4 and the practical issues associated with implementation. IFRS 17 will have wide reaching implications, and will impact staff involved with systems, data and processes, not just finance and IFRS 17 project teams. IFRS 17 is the International Financial Reporting Standard on accounting for insurance contracts. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. IFRS courses are still our most popular training events. We are offering this to you with the hope that after learning this, you … PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Facing IFRS 17 with confidence Drawing on our experience of more than 100 IFRS 17 assignments, we know the possibilities, know the potential pitfalls and know what works. Issued in May 2017, it becomes effective on 1 January 2021. Developed with input from subject matter experts from across the globe, the program is designed to provide CPAs and accounting professionals with the training, knowledge and practical guidance needed to use IFRS. Set preferences for tailored content suggestions across the site. IFRS 17 Insurance Contracts Training 2020 (3 Days Workshop) Accounting Workshop on IFRS by one of our core faculties of subject matter experts. 1. IFRS Training Courses. It is the latest IFRS to be developed by the International Accounting Standards Board (IASB) whose standards are used in more than 100 countries for the preparation of … 1 of representatives of the six largest accounting networks January 2020 . Why comprehensive, because this completes your accounting education in just 17 separate courses and the entire training is called IFRS Training. Along with this, you also get verifiable certificates (unique certification number and your … Powered by an online conferencing tool, Zoom, we are able to bring you our extensive range of IFRS 17 courses offer something for everyone covering an essential overview of the new standard to understanding the numbers. Gain an overview of modifications, transfers and derecognition of insurance contracts. IFRS 17 will have wide reaching implications, and will impact staff involved with systems, data and processes, not just finance and IFRS 17 project teams. Practical case studies to help develop an understanding of IFRS 17 in practice. Therefore, we have designed this two #IFRS17 workshop to give you a detailed insight into this new standard and implementation challenges involved. Effective Date. The webinar presenters are Joanna Yeoh and Andrea Pryde, insurance contracts team members. IFRS 17 is a big, new standard for a big, old industry. The workshop will split into groups to work through one of three case studies: personal lines, commercial lines, and inwards reinsurance. Your education and training needs will depend on how far along the IFRS 17 journey you are. Maximum upto 15 participate per session. Builds on the foundational level of knowledge established in the other IFRS 17 e-learning modules in the series. Based on our own global PwC IFRS 17 training, our e-learning answers the questions we are being asked by insurers across the industry. Options: Inhouse for teams and public programs for individuals. With the launch of International Financial Reporting Standard no 17 (“IFRS 17”) by the IASB in 2017, there has been a sense of urgency from regulatory … This IFRS 17 one day training course will commence with a review of the basics of the general accounting model for insurance contracts using a worked numbers example. We cut through the complex technicalities to help you understand the most pressing operational and investors relations implications for your particular business. The IFoA IFRS 17 for General Insurers Working Party are hosting an interactive workshop that will work through the practical aspects of IFRS 17. IFRS 17 is the second phase of a long term project to standardise the approach taken by entities when accounting for insurance projects. The implementation of IFRS 17 will be a major challenge to insurers and investors, fundamentally changing accounting and reporting practices. Our experts discuss an overview of the accounting requirements, practical issues that your organisation should consider in relation to IFRS 17 and the expected... © 2015 - 2020 PwC. The objective of IFRS 17 is to ensure that an entity provides relevant information that faithfully represents those contracts. Considerations for those charged with governance . We will then help you confirm that an appropriate level of training has been received by the stakeholders that need it most up to this point, and that the right people are upskilled at the right time to enable timely and effective implementation. IFRS 17 changes fundamentally the way in which insurance contracts are accounted for over time. IFRS 17 is the International Financial Reporting Standard on accounting for insurance contracts. This will be followed by a consideration of the main areas of difficulty that will arise in practice in applying the model to insurance contracts. If an entity applies HKFRS 17 earlier, it shall disclose that fact. For more information or to request a demonstration. Learn how you can use your investment in Solvency II to implement IFRS 17. IFRS Training (17 Courses Bundle with 2020 Updates) This IFRS Training Certification is an awesome bundle of 17 courses with 40+ hours of video tutorials and Lifetime access. The breadth and depth of knowledge required by the key stakeholders in your business will expand as you progress along this implementation path. Please see www.pwc.com/structure for further details. The basic presentation and disclosure of financial statements under IFRS 17. This course is designed to help kick off the processes related to IFRS 17. Save for later; The Deloitte insurance bootcamp is an annual event organised for the insurance industry. Learn how to identify and separate components of insurance contracts under IFRS 17, and understand how recognition works under IFRS 17 as well as the basic principles of the measurement approaches. IFRS 17 is a complex and resource intensive change, but presents immense opportunities to harness data more effectively, to improve the structure of your finance function and to better inform your decision making. We have developed a suite of training materials to be delivered in one of three ways; via PwC facilitated training, via the comprehensive PwC IFRS 17 e-learning curriculum, or a blend of the two. The Board has been undertaking a number of activities to support implementation of the Standard, and has established a Transition Resource Group. 2019 IFRS Insurance Training Bootcamp IFRS 17 Implementation Drive. Each group will also look at the challenges of application topic by topic, e.g. HKFRS 17 is effective for annual reporting periods beginning on or after 1 January 2023. 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