| Date |
Description |
From |
To |
Faculty |
Chairman |
CPE Hrs |
| Day 1 |
| 19-10-2024 |
“• Introduction and Background to Ind-AS 117 Insurance Contracts • Objective of Ind-AS 117 (What the Standard seeks to achieve?) • Scope of Ind-AS 117 (Why this Standard and When to apply this Standard?) Including …. Relevance of Ind AS 117 for Non Insurance Companies • Key Definitions, Concepts and Principles under Ind-AS 117 and how they apply • How Ind-AS 117 is intended to improve financial reporting for insurance contracts • Executive Summary and Overview of Ind-AS 117 (along with overview of the core concepts under Ind AS 117) • What are Insurance Contracts, as contemplated under Ind-AS 117 – Insurance Risk – how different from Finance Risk – How to assess significant insurance risk? • How to identify and separate various components of an insurance contract under Ind-AS 117 • Situations when insurance contracts are to be combined • Level of Aggregation (viz. Unit of Account) – for insurance contracts • ‘Initial Recognition’ : |
17:00:00 |
20:00:00 |
CA. ANJANI KUMAR KHETAN
|
|
3.00 |
| Day 2 |
| 20-10-2024 |
“• General Model (a.k.a. Building Block Model) under Ind AS 117 – Understand the General Model – Understand each of its components under the General Model –> Analysis of the components of insurance contract liability, viz. (a) Estimation of cash flows, (b) discount rates, (c) risk adjustment for non-financial risk and (d) contractual service margin – Apply the general model to basic insurance contracts (step-by-step, with example and case study) – Initial Recognition – Subsequent Measurement – Components of insurance revenue, insurance service expense, insurance finance expense and insurance contract liability – Explain CSM Calculation and how CSM is allocated to P&L • Relevant Examples and Case studies” : |
10:00:00 |
13:00:00 |
ALOK KUMAR GARG
|
|
3.00 |
| Day 8 |
| 26-10-2024 |
“• Premium Allocation Approach (PAA) under Ind AS 117 – Applicability / Eligibility – when can one apply PAA – How PAA is different from General Model and what simplification are introduced by PAA – Initial Recognition and Measurement under PAA (explained step-by-step, with example and case study) – Subsequent Measurement under PAA (explained step-by-step, with example and case study) – Practical examples and case study – to gain a greater understanding of the PAA • Variable Fee Approach under Ind AS 117 – When to apply VFA ? – Explain Variable Fee Approach – step-by-step, with example and case study • Interaction with other Ind AS • Relevant Examples and Case studies” : |
17:00:00 |
20:00:00 |
CA.Mohan R Lavi
|
|
3.00 |
