المخرجات
By the end of this training course, trainees will be able to :
- Understand the various accounting treatments of insurance contracts, including the measurement, recognition, derecognition, discount rates, and contractual service margin
- Apply relevant financial reporting standards of insurance contracts in practical cases.
- Identify and apply disclosure requirements of insurance contracts in financial reports and notes.
- Understand the objective of applying IFRS 18.
- Apply the new requirements for presentation in financial statements.
- Apply the new requirements for disclosure in financial statements.
الفئة المستهدفة
- Accountants/Senior Accountants in financial institutions and companies/Insurance companies.
- Those who are dealing with insurance contracts.
- Preparers of financial statements.
- Senior Accountants in financial institutions and companies .
- Credit managers.
- Those who in charge of preparing financial statements.
المحتويات
- Overview.
- Amendments under consideration by the IASB.
- Scope.
- Key definitions.
- Portfolio of insurance contracts.
- Contractual service margin.
- Insurance risk.
- Fulfilment cash flows.
- Risk adjustment for non-financial risk.
- Separating components from an insurance contract.
- Level of aggregation.
- Recognition.
- Measurement.
- Discount rates.
- Risk adjustment for non-financial risk.
- Contractual service margin.
- Subsequent measurement.
- Onerous contracts.
- Premium allocation approach.
- Practical expedients available under the PAA.
- Investment contracts with a DPF.
- Reinsurance contracts held.
- Modification of an insurance contract.
- Derecognition.
- Presentation in the statement of financial position.
- Recognition and presentation in the statement(s) of financial performance.
- Insurance service result.
- Insurance finance income or expenses.
- Disclosures.
- objectives of financial statements.
- Scope.
- Key definitions.
- General requirements for Financial Statements .
- Aggregation and disaggregation .
- Specific requirements for the individual primary financial statements .
- Statement of Profit or Loss .
- Statement presenting Comprehensive Income .
- Statement of Financial Position.
- Statement of Changes in Equity .
- Notes.
- Effective date and transition.