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–>
| Online Deep Dive Course on Ind AS – 117 (Batch-2) (ACCOUNTING AND AUDITING) | |
| Event ID: | 11766864 |
| Date: | From: 06-06-2026 – To: 20-06-2026 |
| POU Name: | Accounting Standards Board |
| ICE ID: | 1766864 For details about ICAI-ICE ,Click here(FAQ) |
| Event Venue: | Virtual Mode |
| City: | Delhi |
| CPE Hrs: | 15 |
| Venue Capacity: | |
| Fees: | Fee for Member – Rs. 1500 + taxes (Rs. 1770) Fee for Non Members – Rs. 2500 + taxes (Rs. 2950) |
| Joint Seminar: | N |
| If Yes, with whom: | |
| Hosted by: | |
| For Registration & further details, please contact: | https://resource.cdn.icai.org/92039asb-aps4884-batch2.pdf |
| Webcast Link: | https://resource.cdn.icai.org/92039asb-aps4884-batch2.pdf |
| Programme Structure | |
| Inaugural Address: | |
| Valedictory Address: | |
| Date | Description | From | To | Faculty | Chairman | CPE Hrs |
|---|---|---|---|---|---|---|
| Day 1 | ||||||
| 06-06-2026 | “Background and Key Aspects of Ind AS 117 (Insurance Contracts) covering the following: • Introduction and Background to Ind-AS 117 Insurance Contracts • Objective and Scope of Ind-AS 117 (Why this Standard and When to apply this Standard?) • 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’ of Insurance Contracts under Ind-AS 117 • Brief Overview and Out : | 17:00:00 | 20:00:00 | MURTUZA TAHER VAJIHI | 3.00 | |
| Day 2 | ||||||
| 07-06-2026 | “Default Measurement Model under Ind AS 117 • 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 | CA. ANJANI KUMAR KHETAN | 3.00 | |
| Day 8 | ||||||
| 13-06-2026 | “• Accounting for Onerous Contracts and Loss Components – Initial Recognition & Subsequent Measurement Premium Allocation Approach – Simplified, Optional Measurement Model under Ind AS 117 • Premium Allocation Approach (PAA) under Ind AS 117 – What it is? – Applicability / Eligibility – when can one apply PAA? – How PAA is different from General Model and what simplification are introduced by PAA – Criteria for use of PAA – Elections, that can be made under the 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 • Relevant Examples and Case studies” : | 17:00:00 | 20:00:00 | ALOK KUMAR GARG | 3.00 | |
| Day 9 | ||||||
| 14-06-2026 | “Measurement Model for Direct Participating Contrcats under Ind AS 117 • Variable Fee Approach under Ind AS 117 – Contracts with direct participation features – what they are? – When to apply VFA ? – Conditions to be met for insurance contracts to which VFA model applies ? – Explain Variable Fee Approach – step-by-step, with relevant example and case study • Key requirements for modification & de-recognition of Insurance Contracts under Ind AS 117 • Relevant Examples and Case studies” : | 10:00:00 | 13:00:00 | CA Maithreyi Swaminathan | 3.00 | |
| Day 15 | ||||||
| 20-06-2026 | “• Business Impact, arising due to implementation of Ind AS 117 • Proposed Effective Date and Transition requirements under Ind AS 117 – Explanation and illustration of various transition approaches under Ind AS 117 • Presentation requirements in the primary financial statements under Ind AS 117 – apply the presentation requirements to a basic insurance contract – understand more …. on the reconciliations disclosed in the financial statements – interplay with other Ind AS Standards • Detailed review of the disclosure requirements set out by Ind AS 117 • Relevant Examples / Sample Illustrations” : | 17:00:00 | 20:00:00 | DEEPANARAYANI HARIHARAN | 3.00 | |