Comprehensive guide to mastering IFRS 17 for UK accounting and tax professionals.
"Understanding IFRS 17 for UK Accounting & Tax Specialists" is an advanced course designed to provide a comprehensive understanding of the new International Financial Reporting Standard (IFRS) 17, which governs insurance contracts. This course is essential for professionals looking to stay ahead in the ever-evolving field of financial reporting. Participants will explore the necessity of IFRS 17, its historical context, and key definitions. Detailed modules will cover the General Measurement Model, Variable Fee Approach, and Premium Allocation Approach for measuring insurance contracts. Attendees will also learn about the presentation of financial statements, including the Statement of Profit or Loss and the Statement of Financial Position, along with required disclosures for transparency and comparability. The course will address the impact of IFRS 17 on insurer performance, focusing on changes from IFRS 4, performance metrics, risk adjustments, and discount rates. Implementation challenges and best practices will be discussed, supported by real-world case studies. Key topics include:
UKElite Accounting Training provides cutting-edge professional development courses tailored for accounting professionals across the United Kingdom. Our mission is to deliver top-tier education that equips accountants with the latest skills and knowledge needed to excel in their careers. Our expert instructors offer real-world insights and practical guidance across a wide range of accounting disciplines. With a commitment to excellence and continuous improvement, UKElite Accounting Training is your trusted partner in professional growth.
Accounting and Finance Expert
Dr. Emily Harrison is a distinguished academic with over 15 years of experience in the field of accounting and finance. She holds a PhD in Accounting from the London School of Economics and has published extensively on international financial reporting standards. Dr. Harrison has a keen interest in the impacts of regulatory changes on financial practices and regularly consults for major financial institutions in the UK.
