IFRS 17 - Insurance contract accounting online course
The development of accounting for insurance contracts has been underway for many years. The first stage in the process was IFRS 4, designed to achieve greater consistency in reporting for insurance. The exposure draft takes the reporting further down that process. Using a building blocks approach to reporting, the exposure draft requires clear identification of the drivers of performance for those entities providing insurance contracts.
The course also examines the challenges that will be created from IFRS 9 being effective a number of years before the effective date of the new insurance accounting standard. These challenges will be driven by the approach to measuring the financial assets and the financial liabilities associated with insurance contracts.
Price: £35 + VAT
What you will gain
This course focuses on the key technical requirements of IFRS 17, the differences from IFRS 4 and the practical issues associated with implementation.
By the end of this course, you will have a greater understanding of:
- the need to develop IFRS 17
- the key technical requirements of IFRS 17
- the key differences from IFRS 4
- an awareness of some practical issues associated with the implementation of IFRS 17
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