IFRS 17 - Insurance contract accounting

Overview:

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 a greater consistency in reporting for insurance. IFRS 17 takes the reporting further down that process. Using a building blocks approach to reporting, the accounting standard 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

Learning outcomes:

On completion 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

Authored by: Lincoln Miles
Lincoln Miles is a financial reporting consultant and trainer specialising in IFRS, US GAAP and UK GAAP. He has worked as an auditor for PwC, has been a presenter and technical author for BPP and provides bespoke consultancy and training to companies throughout Europe.

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)
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