IFRS®: Insurance Contracts (IFRS 17)
Fundamentals of IFRS 17, Insurance Contracts are explored for professionals performing insurance contract accounting under International Financial Reporting Standards®.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1.5
Author(s)
AICPA and CIMA staff, Helen Kerrigan
Availability
1 year
Product Number
IFRSCERTU25SSO
Understanding insurance contract accounting under International Financial Reporting Standards®
Knowing the requirements of IFRS 17, Insurance Contracts, will help you establish a strong foundation in insurance contract accounting under IFRS Standards. You'll gain the basic knowledge and practical guidance necessary for competent work in this specialized field.
You'll learn about key concepts, including:
- The complexities of insurance contract accounting
- IFRS 17’s scope
- Portfolio aggregation and recognition
- Measurement approaches
Preparing for the future
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Hands-on learning to enhance your comprehension
The interactive learning elements and realistic examples will deepen your understanding so you can implement these concepts in practice. By applying IFRS 17 guidelines to the real-world case studies, you'll be better prepared to assist clients subject to IFRS requirements.
This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that provides foundational training, knowledge, and practical guidance in international accounting standards. Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program.
Who Will Benefit
- Accounting, finance, and insurance professionals who are new to IFRS 17, Insurance Contracts, and working toward completing the IFRS® certificate.
- Professionals who are interested in learning more about international financial reporting standards as they apply to insurance contracts.
Key Topics
- Inherent complexities of insurance contracts accounting
- Common contract types subject to IFRS 17
- Relevant exclusions
- Portfolio aggregation requirements
- Recognition guidelines
- Measurement approaches
Learning Outcomes
- Identify the need for specific financial reporting standards for insurance contracts.
- Identify the key elements of IFRS 17 and the common contract types to which it applies.
- Select the appropriate methodology to measure value and recognize profit and loss for insurance contracts under IFRS 17.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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