INSURANCE CONTRACT ACCOUNTING
- Implement IFRS 17 requirements for insurance contract accounting.
- Understand the impact of insurance contract accounting on financial statements.
- Ensure accurate and compliant insurance contract accounting practices.
- Apply insurance contract accounting principles to various insurance products.
- Handle insurance contract accounting challenges effectively.
ACTUARIAL ANALYSIS
- Understand the actuarial aspects of insurance contracts.
- Evaluate the actuarial assumptions and inputs in insurance contract measurement.
- Assess the impact of actuarial modeling on financial statements.
- Apply actuarial techniques to assess insurance liability and risk adjustment.
- Interpret actuarial disclosures accurately.
RISK ASSESSMENT
- Identify and assess risks associated with insurance contracts.
- Evaluate insurance liability and risk adjustment risks.
- Understand the impact of economic factors on insurance contract risk.
- Assess risk mitigation strategies for insurance contracts.
- Interpret risk disclosures related to insurance contracts.
FINANCIAL REPORTING
- Prepare comprehensive financial statements in compliance with IFRS 17.
- Structure financial statements to meet industry standards.
- Present insurance contract accounting policies, assumptions, and findings effectively.
- Use charts, graphs, and exhibits to enhance financial statement clarity.
- Ensure regulatory and IFRS 17 financial reporting deadlines are met.
DISCLOSURE REQUIREMENTS
- Prepare comprehensive disclosures related to insurance contracts in compliance with IFRS 17.
- Structure disclosures to meet industry standards.
- Present insurance contract disclosure policies, assumptions, and findings effectively.
- Use charts, graphs, and exhibits to enhance disclosure clarity.
TRANSITION MANAGEMENT
- Effectively manage the transition to IFRS 17.
- Understand data conversion requirements and challenges.
- Evaluate system changes and implementation strategies.
- Ensure a smooth transition process from existing accounting standards.
- Minimize disruption during the transition to IFRS 17.
