المعايير المحاسبية لشركات التأمين

Day 1

From 9 AM – 3 PM
(30 minutes break)

·         Initial Recognition and Subsequent Measurement of Financial Assets and Liabilities

·         Differentiation between Equity and Debt instruments

·         Different measurement methods such as amortized cost, fair value through profit and loss, and fair value through other comprehensive income

·         Business Models:

ü  Nature and Criteria for Hold to Collect, Hold and Sell, Others

ü  Solely Payment of Principle and Interest (SPPI) test

Day 2

From 9 AM – 3 PM
(30 minutes break)

·         Impairment of Financial Assets

ü  Concept of Expected Credit Loss (ECL)

ü  Time Value, Weighting scenario, Forward-looking

ü  General and Simplified approach

ü  Calculation of ECL under General and Simplified approach

ü  Validation of ECL

ü  Three-stage approach: 12-month expected credit losses, lifetime expected credit losses, calculation of
interest income

ü  Assessment of Significant Increase in Credit Risk (SICR)

ü  Individual and collective assessment of impairment

ü  Default: Definition, changes in the risk of default, and estimating expected credit losses

ü  Purchase/origination of credit-impaired financial assets (POCI)

ü  Simplification and practical expedients: Trade receivables, contract assets, lease receivables, and low
credit risk assets

ü  Implementation challenges: Data availability, estimates, judgments, and assumptions

Day 3

From 9 AM – 3 PM
(30 minutes break)

·         Derecognition of assets conditions and criteria

·         Own Credit Risk concept

·         Financial Instruments used as hedging tools

·         Difference between hedging and hedge accounting

·         Disclosure requirements (IFRS 7)

·         Implications of regulator and audit focus

·         Upcoming IFRS 17 and interrelation between IFRS 9 and IFRS 17.

·         Concept and consideration of Credit Risk under IFRS 17.

Day 4

From 9 AM – 3 PM
(30 minutes break)

·         IFRS 17 (Introduction)

·         The definition of an insurance contract

·         Initial recognition

·         Measurement -The general measurement model

·         Level of aggregation

·         Expected cash flows

·         Discounting

·         Risk adjustment

Day 5

From 9 AM – 3 PM
(30 minutes break)

·         Contractual Service Margin (CSM)

·         Onerous contracts

·         Derecognition and contract modifications

·         Measurement- Premium Allocation Approach (PAA)

·         Direct participating contracts

·         Reinsurance contracts held

·         Disclosures

·          Effective date and transition