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Introduction›"INTEREST" ‒ a programme for financial institutions›IFRS 17: Main aspects of the new accounting standard

IFRS 17: Main aspects of the new accounting standard

Would you like to obtain a quick overview of the main technical aspects and practical impacts of IFRS 17, the new accounting standard for insurance companies? Are you preparing for the planned changes in processes and reporting of insurance companies according to the new standard? Would you like to consult on uncertainties? Then this training course is intended for you.

Who are the intended participants?

  • Accountants and employees of controlling or financial departments of insurance companies reporting in accordance with IFRS standards.
  • Managers of insurance companies interested in the impact of new standards on insurance companies’ accounting and reporting.
  • Product managers and other employees of insurance companies who will be implementing the new accounting standard in their companies.
  • Other interested parties wishing to obtain a comprehensive overview of the main terms and impacts of IFRS 17

Programme

  • History, time frame and main impacts of IFRS 17.
  • Scope of new regulation, definition of insurance risks and insurance contracts.
  • Aggregation of insurance contracts.
  • Key terms in valuation of insurance contracts according to the new standard (contractual service margin, onerous contracts, risk adjustment, etc.).
  • Brief description of valuation models.
  • Changes in accounting and reporting.
  • Transition to IFRS 17.
  • Main aspects of implementation.

Benefits

After completing the course, you will:

  • Understand general principles and logics for valuation of liabilities arising from insurance contracts according to the new accounting standard.
  • Obtain an overview of impacts on reporting and interpretation of key reports of insurance companies.
  • Know about the recommended time frame and implementation procedures.

Register for two or more training sessions from the INTEREST programme for financial institutions and get a discount.

  • Two sessions: 5% discount on the price of both sessions
  • Three sessions: 10% discount on the price of all sessions
  • Four or more sessions: 15% discount on the price of all sessions
Dates

IFRS 17: Main aspects of the new accounting standard

7. 10. 2020 09:00–16:30
Ing. Viktor Brůžek, Mgr. Martin Hrdý, FCCA
KPMG Česká republika, Pobřežní 1a, Praha 8
Course fee: 6 800,- CZK ex. VAT
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For attending this training course, you are eligible to gain 7 of CPD points.

The fee includes training materials, morning and afternoon refreshments and lunch. The training will be conducted in Czech.

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KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-a-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm