IFRS 17 and Related IFRS Training

This comprehensive 5-day course covers IFRS 17 and related standards. Learn to apply key measurement models (BBA, PAA, VFA), account for revenue, and integrate IFRS 9 and IFRS 15 for full compliance.

Please inquire for pricing | Available Online and In-class

Date	Venue	Duration
Available on Request	Sandton	5 Days	Register Now

Course Introduction

IFRS 17 represents one of the most significant changes to insurance contract accounting in decades, fundamentally altering how insurers report, measure, and disclose their financial results. This intensive 5-day IFRS 17 and Related IFRS training course provides a comprehensive, practical journey through IFRS 17, covering all key concepts, measurement models, revenue recognition, and integration with related standards such as IFRS 9, IFRS 15, IAS 8, and IAS 37.

Participants will engage in interactive lectures, hands-on Excel exercises, real-world case studies, and group discussions, building practical skills to apply IFRS 17 in their organisations. By the end of the course, delegates will be able to interpret and implement IFRS 17 requirements, produce compliant financial statements, and make sound professional judgements in complex scenarios.
This course is ideal for accountants, auditors, finance managers, actuaries, and anyone involved in the preparation, audit, or analysis of insurance contracts under IFRS.

Course Objectives

By the end of this 5-day IFRS 17 and Related IFRS training course, participants will be able to:

Understand the core principles and objectives of IFRS 17, including its scope, key definitions, and fundamental measurement models (BBA, PAA, VFA).
Apply IFRS 17 measurement techniques for insurance contracts, including cash flow discounting, risk adjustment, and calculation of the Contractual Service Margin (CSM).
Recognise and account for insurance revenue, including unit-linked products and integration with IFRS 15 requirements for revenue from contracts with customers.
Integrate related IFRS standards (IFRS 9, IAS 8, IAS 37) with IFRS 17, addressing financial instruments, policy changes, estimates, provisions, and contingent liabilities.
Build, analyse, and present end-to-end financial models for insurance businesses, including preparation of financial statements and IFRS-compliant disclosures.
Exercise sound professional judgement in selecting accounting policies, handling complex transactions, and preparing for external audit or regulatory review.
Collaborate effectively in teams to solve practical case studies and share insights into IFRS 17 implementation challenges and best practices.

Who should attend?

This intensive 5-day IFRS 17 training program is designed for professionals involved in insurance, finance, and accounting who need a deep understanding of the new standard and its practical application. It is particularly relevant for:

Insurance Professionals
- Actuaries and actuarial analysts involved in product pricing, valuation, and reserving
- Finance and accounting staff within insurance and reinsurance companies
- Risk managers responsible for assessing and managing financial and insurance risks
Finance & Accounting Experts
- Chief Financial Officers (CFOs), Finance Managers, and Controllers
- Chartered Accountants, Auditors, and Financial Analysts
- Professionals preparing or reviewing financial statements under IFRS
Regulatory & Compliance Personnel
- Regulatory reporting officers and compliance managers
- Internal auditors focusing on IFRS compliance
- Supervisory bodies and regulators overseeing the insurance sector
Consultants & Advisors
- Accounting and audit firm professionals providing advisory services
- Management consultants specializing in financial reporting and risk
Other Stakeholders
- IT and systems professionals supporting IFRS 17 data, modeling, and reporting
- Board members, senior executives, and policy makers seeking strategic insights into IFRS 17’s impact on business decisions

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.