From: Monday May 30, 2022, 9:00 am
To: Tuesday May 31, 2022, 5:00 pm
This course will be held online via Zoom - the expectation is that participants' cameras are left on to best replicate a classroom environment.
The Life Insurance Accounting for Accounting Professionals course is designed for professional accountants who have worked in the life insurance industry and who need a deeper understanding of life insurance accounting principles including statutory, management and regulatory reporting. The purpose of the course is to equip participants with an understanding of the life insurance industry, the practical application of accounting principles and statutory, management and regulatory reporting. This course is split into 8 modules and an assessment to check learning outcomes: Overview of the life insurance industry; Products and classification; Reporting under AASB 17; Life accounting concepts and accounting for life insurance and investment contracts; Accounting for superannuation funds; Dynamic financial analysis and capital modelling; Management and performance reporting; Regulation of the life insurance industry.
The modules provide participants with an in depth understanding of life insurance accounting by reviewing the core elements of the life insurance control cycle including an understanding of life products, reporting under AASB 17 – Insurance Contracts and AASB 9 – Financial Instruments, management and performance reporting and the regulation that is applicable to the industry.
Member - $875 / Non-Member $930. As a non-profit organisation we are not able to offer any form of discount on this price. Non-Members can join here. Members - remember to login prior to registering. Check here to see if you are part of our corporate membership scheme
Confirmation of Bookings: Course confirmation will be emailed within 7 days of course start date.
Cancellation Policy: Refunds will be granted less 10% cancellation fee on notification in writing no less than 7 days prior to course start date. There will be no refund for cancellations less than 7 days prior to the event. Within 7 days a substitution will be accepted, but no transfers will be granted.
Payment must be received in full ten days prior to your course.
All times indicated on our website are AEDT (Syd/CBR/Melb)
You are eligible to claim 12 CPD hours for this event.
Day 1 |
|
Introduction and Purpose of this Course |
09:00 – 09:30 |
Module 1 Overview of the life insurance industry |
09:30 – 10:30 |
Morning Tea |
10:30 – 11:00 |
Module 2 Products and classification |
11:00 – 12:30 |
Lunch |
12:30 – 13:30 |
Module 3 Reporting under AASB 17 – Insurance Contracts |
13:30 – 15:30 |
Afternoon Tea |
15:30 – 15:45 |
Module 4 Life accounting concepts and accounting for life insurance and investment contracts |
15:45 – 17:00 |
|
|
Day 2 |
|
Module 5 Accounting for superannuation funds |
09:00 – 10:30 |
Morning Tea |
10:30 – 11:00 |
Module 6 Dynamic financial analysis and capital modelling |
11:00 – 12:30 |
Lunch |
12:30 – 13:30 |
Module 7 Management and performance reporting |
13:30 – 15:00 |
Afternoon Tea |
15:00 – 15:15 |
Module 8 Regulation of the insurance industry |
15:15 – 16:30 |
Assessment |
16:30 – 17:00 |