Global IFRS 17 Lead, Partner, PwC United Kingdom. Time to complete: approximately 45 minutes. This two-day course will focus on accounting for insurance contracts as per IFRS 17. For more information or to request a demonstration. Understand the characteristics of participating contracts, and how and when to apply the variable fee approach and the indirect participating approach. IFRS courses are still our most popular training events. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. The basic presentation and disclosure of financial statements under IFRS 17. Our comprehensive IFRS courses cover a wide range of topics, from immersion workshops to highly focused two-day events and IFRS technical updates. IFRS 17 compliance: Facing implementation of the insurance contracts standard with confidence. Builds on the foundational level of knowledge established in the other IFRS 17 e-learning modules in the series. Please see www.pwc.com/structure for further details. IFRS 17 replaces IFRS 4. 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. 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. Set preferences for tailored content suggestions across the site. Along with this, you also get verifiable certificates (unique certification number and your … Global Public Policy Committee. 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: Managing Insurance Contracts Risk Training's two day course will provide an overview of the standards, discuss the measurement models, key business challenges presented, how to confront IFRS 17 within your business and will suggest strategies for working towards implementation. IFRS 17 is the second phase of a long term project to standardise the approach taken by entities when accounting for insurance projects. International Financial Reporting Standard (IFRS) 17 – Insurance Contracts was released in May 2017. 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 … This instructor-led, live training (online or onsite) is aimed at managers who wish to gain a working understanding the IFRS 17 … Course content. Learn how you can use your investment in Solvency II to implement 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. IFRS Training Courses. 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. The IFoA IFRS 17 for General Insurers Working Party are hosting an interactive workshop that will work through the practical aspects of IFRS 17. Each group will also look at the challenges of application topic by topic, e.g. IFRS 17 is the International Financial Reporting Standard on accounting for insurance contracts. Gain an overview of modifications, transfers and derecognition of insurance contracts. Understand the general approach and each of its components, apply the general approach to basic insurance contracts, and know how to measure an insurance contract using the premium allocation approach. IFRS 17 is a big, new standard for a big, old industry. Vendors are more ready now than they were six months ago. It states which insurance contracts items should by on the balance and the profit and loss account of an insurance company, how to measure these items and how to present and disclose this information. IFRS 17 is the International Financial Reporting Standard on accounting for insurance contracts. It changes fundamentally the way in which an insurance entity reports its financial dimensions and results for a given period and over time. We will engage with you through an initial “Training Needs Assessment” to identify the format, level of detail, audience and content of the training programme that will best suit your needs, whether that be through a self-led e-learning curriculum, one time PwC-led training sessions as and when required, or through a tailored long-term training programme which will run alongside your wider IFRS 17 implementation programme. The webinar presenters are Joanna Yeoh and Andrea Pryde, insurance contracts team members. All rights reserved. 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. Like you, we believe those who understand and can apply IFRS will enjoy expanded career opportunities as the momentum to either permit or require IFRS spreads around the world. 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. To provide all levels of staff with a solid understanding of IFRS 17 and know how it relates to your business, our comprehensive e-learning educates your people, where and when they need it. We are offering this to you with the hope that after learning this, you … A common level of understanding will get you on the right track to ensuring your IFRS 17 project achieves its objectives and budget. This course is designed to help kick off the processes related to IFRS 17. 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. 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