23 Jun 2023
IFRS 17: Investment Components and Other Non-Service Payments
The IASB issued 2017 the new comprehensive insurance accounting standard IFRS 17, with amendments issued in 2020. In line with IFRS 9, IFRS 17 does not permit to present receipts and repayments of deposits, in IFRS 17 referred to as investment components, in P&L. In general, all payments which do not represent the provision of services are excluded from presentation in P&L. The identification of such payments requires judgment and the proper exclusion of those amounts from P&L is a challenge for the accounting systems.
Organised by the EAA – European Actuarial Academy GmbH.
The web session is suited for actuaries and accountants with good knowledge of the measurement approaches of IFRS 17. The background knowledge is necessary since there will be no time to introduce those concepts.
Technical RequirementsPlease check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure that you are joining the web session with a stable internet connection.
Purpose and Nature