Kaplan Leadership & Professional Development to Offer Free Webinar: “IFRS 17—What, Why and How?”
September 25 2019 - 2:00AM
Business Wire
Kaplan Leadership & Professional Development will offer a
free webinar, “IFRS 17—What, Why and How?” on Thursday, October 3,
2019, from 12.00pm until 1.00pm BST.
Mike Sarwar, Technical Development Expert at Kaplan, will
explore IFRS 17, the new international accounting standard
effective January 1, 2022. It will replace IFRS 4 and establish a
specific IFRS model for the accounting of commercial contracts.
“Commercial contracts often cover difficult to measure long-term
and complex risks,” said Mike Sarwar. “They are not typically
traded in markets and may include a significant deposit component,
posing further measurement challenges.”
Some existing accounting practices fail to reflect adequately
the true underlying financial positions or performance arising from
these commercial contracts. IFRS 17 addresses these issues by
making insurers’ financial reports more useful and transparent and
establishing consistent insurance accounting practices across
jurisdictions.
IFRS 17 primarily affects insurers, but it also affects
organizations that are not typically classified as an insurer or
who do not fully operate within the insurance industry and instead
provide a type of product or service that falls within insuring the
internal or external risk in some capacity.
For more information, or to register for the webinar, visit:
https://www.kaplansolutions.com/article/upcoming-webinar-ifrs-17-what-why-and-how.
About Kaplan Leadership and Professional Development
Kaplan believes that an organization’s training investment
should align with their commercial strategy, so they partner with
organizations to assess, design and implement innovative learning
solutions that address the growing challenges facing the
business.
By using diagnostic capabilities, Kaplan identifies learning
priorities, unlocks hidden talent and measures training impact.
These insights are key to developing meaningful, performance-driven
and critical skill sets that businesses and their people need.
With global reach and regional expertise, Kaplan specializes in
tailored learning journeys that scale, turning training investments
into business success.
For more information, go to www.kaplansolutions.com.
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John Vita John Steven Vita Communications John.vita@jsvcom.com
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