From: Monday October 14, 2024, 9:00 am
To: Tuesday October 15, 2024, 4:00 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 Introduction to Insurance Accounting for Accounting Professionals course is designed for professional accountants new to the insurance industry and who need an understanding of insurance accounting principles in their roles within the Finance Team. The purpose of the course is to equip participants with an understanding of the insurance industry, insurance accounting principles and the application of these principles to statutory and management reporting and to provide a high-level view of regulation of the insurance industry. This course is split into 6 modules and an assessment to check learning outcomes: Introduction to insurance; Insurance terminology; The insurance cycle; Accounting Standards Framework and AASB 17 – Insurance Contracts; Management reporting; Regulation of the insurance industry. The Course Assessment will help to reinforce learning.
The modules provide participants with an understanding of the industry by reviewing how the industry works, the terminology used in the industry, the basic control cycles and then moving into the insurance accounting requirements of the Accounting Standards Board, reporting required by management and the regulatory environment within which insurers operate.
Note - The next level, industry specific courses offered by FSAA delve into more detail into the application of AASB 17 – Insurance Contracts and management and statutory reporting relevant to each of the industry segments – general, life and health.
Members - $775, Non-Members $830. As a non-profit organisation we are not able to offer any form of discount on this price. Become a Member
This course will be held via Zoom only.
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.
You are eligible to claim 10.25 CPD Hours for this course.
All times indicated on our website are SYD/MEL/CBR
Follow the prompts below to register for attendance by Zoom
Day 1 |
|
Introduction and Purpose of this Course |
09:00 – 09:15 |
Module 1 Introduction to insurance |
09:15 – 10:30 |
Morning Tea |
10:30 – 11:00 |
Module 2 Insurance Terminology |
11:00 – 11:45 |
Lunch |
11:45 – 12:45 |
Module 3 The Insurance Cycle |
12:45 – 14:45 |
Afternoon Tea |
14:45 – 15:15 |
Module 3 The Insurance Cycle |
15:15 – 16:00 |
|
|
Day 2 |
|
Module 4 Accounting Standards Framework and Accounting Standard 17 – Insurance Contracts |
09:00 – 10:30 |
Morning Tea |
10:30 – 11:00 |
Module 4 Accounting Standards Framework and Accounting Standard 17 – Insurance Contracts |
11:00 – 12:30 |
Lunch |
12:30 – 13:15 |
Module 5 Management reporting for insurance companies |
13:15 – 14:15 |
Afternoon Tea |
14:15 – 14:45 |
Module 6 Regulation of the insurance industry |
14:45 – 16:00 |
|
|