COURSECA$182
IFRS 17: General Measurement Method (GMM)
IFRS 17: Accounting for Insurance Contracts - Challenges, Measurement Models, and Implementation
1 hour 4.4(212 ratings)
-54%
CA$83
Video Player is loading.
AUTHOR(S)

Carl Braun
Podcast Host | LearnFormula
About this course
CPA Alberta
CPA British Columbia
CPA Manitoba
CPA New Brunswick
CPA Nova Scotia
CPA Ontario
Gain insight into the differences in recognition, measurement, presentation, and disclosure of insurance contracts, and why a more specific standard was necessary for this unique asset class.
With a focus on the challenges of accounting for insurance contracts, we'll explore the types of contracts covered under IFRS 17, including insurance, reinsurance, and investment contracts with discretionary participation features. Dive into the two main measurement models and the method for allocating insurance acquisition cash flows, as well as the key terms of the contract asset, such as future cash flows, discount rates, and risk adjustments.
Discover the factors to consider when determining discount rates and how to apply risk adjustments to compensate for uncertainty arising from non-financial risks. Learn about the contractual service margin and how it represents unearned profit recognized as insurance contract services are provided in the future.
Our experienced instructor will use practical examples to demonstrate the application of IFRS 17, including calculating the present value of future cash flows, estimating risk adjustment, and determining contractual service margins. Gain a comprehensive understanding of the standard and its implementation, making you a valuable asset to any organization.
This course includes:
1 hours on-demand video
Beginner level
No preparation required
Published At May 2, 2023
Certificate of completion
No prerequisites
1 year access
Updated At Aug 8, 2024