Overview   

IFRS 17 Insurance Contracts is the first truly international accounting standard for insurance contracts.  The importance of this Standard is that it is not just limited to the insurance industry but may be a trigger for transactions in other industries that meet the definition of an insurance contract. 

Effective for annual reporting periods beginning on or after 1 January 2023, IFRS 17 replaces IFRS 4 and sets out principles for the recognition, measurement, presentation and disclosure of insurance contracts.  

Join Caryn Maitland CA(SA) on 23 March 2023 from 9:00 a.m. to 11:00 a.m. for a detailed explanation of this Standard, recent amendments that were made to it, and how you can correctly apply its requirements in relevant transactions. 

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Have an understanding of the scope and full definitions of insurance contracts.  

• Be able to identify whether you are subject to the standard and which of your transactions will be relevant. 

• Fully understand all the mechanics of accounting for insurance contracts. 

• Confidence in applying the correct measurement models to insurance contracts.  

• Have an awareness of the disclosure requirements prescribed by the Standard.   

Content 

The webinar will cover the following topics:  

• What is an insurance contract? 

• IFRS 17 - important definitions 

• Who is affected by the Standard? 

• Simplified measurement approach vs premium allocation approach 

• Comparative between IFRS 4 and IFRS 17 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Accounting officers. 

• Registered auditors. 

• Independent reviewers. 

• Tax Practitioners. 

• Bookkeepers. 

Price              

• R 450.00 - Online admission - Individual. 

• Group Price 1 - R950 (maximum of 5 attendees) 

• Group Price 2 - R1 850 (maximum of 10 attendees) 

•  

  Group Price 3 - R2 650 (maximum of 15 attendees) 

   

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.