IFRS 17 represents the first global standard for insurance contracts, setting a new benchmark for the industry. Its implementation poses several challenges, particularly for financial departments. A comprehensive understanding of financial accounting and reporting is crucial for ensuring the successful implementation of IFRS 17.

The Financial Accounting & Reporting for Premium Allocation Approach Under IFRS 17 course will cover:

• Profit and Loss (P&L) statement.
• Balance Sheet (BS).
• Matching of the P&L and BS between IFRS 17 and IFRS 4
• New Accounts: IFRS 17 accounts replacing IFRS 4.
• Changes and unaffected accounts in financial statements.
• Notes and reporting requirements.

Learning Outcomes: 

• Understand P&L and BS. components under IFRS 17.
• Compare IFRS 17 vs. IFRS 4 P&L and BS.
• Create new IFRS 17 accounts replacing IFRS 4.
• Learn adjustment entries for IFRS 4 reversal.
• Understand notes and disclosures requirements.

Qualifications: 

Candidates must possess at least a bachelor’s degree in: Accounting, Finance, Actuarial Science, Economics, or a related field. 

Fees:

$750 USD per participant which includes: 12 hours of intensive training, training material, and a Certificate of Completion from the Muhanna Foundation.

To Register:

https://bit.ly/43zFJZC

Contact Ms. May Mounzer at The Muhanna Foundation:

+961-1-75299
programs@muhanna.com