The objective of IFRS 17 is to standardize insurance audits around the world to enhance comparability as well as rise openness, and also to provide individuals of accounts with the info they need to meaningfully comprehend the insurance provider’s economic position, performance, and threat exposure.

2. IFRS 17 - What does (Financial Reporting
Standards) IFRS 17 cover?

3. Continued..
• The objective of IFRS 17 is to standardize insurance audits around
the world to enhance comparability as well as rise openness, and
also to provide individuals of accounts with the info they need to
meaningfully comprehend the insurance provider's economic
position, performance, and threat exposure.
• IFRS 17 needs a firm to measure insurance agreements using
upgraded estimates as well as assumptions that show the timing
of capital and any unpredictability connecting to insurance
coverage agreements.
• This demand will offer transparent reporting about a business's
financial placement and also danger.

4. Continued..
• International Financial Reporting Standards 17 replaces IFRS 4
Insurance policy Agreements. When introduced in 2004, IFRS 4--
an acting Criterion-- was suggested to limit adjustments to existing
insurance accountancy practices.
• Thus, IFRS 4 has actually permitted insurance providers to utilize
various bookkeeping policies to measure comparable insurance
agreements they write in various countries.
• Some practices currently utilized by insurers have progressed in
tandem with scenarios particularly in countries; frequently the
methods address only insurance coverage items most prevalent in
a country.
• In a lot of cases, attributes of the audit designs used by the
insurance sector are inconsistent with the IFRS Criteria applied by
other sectors in the very same nation-- restricting contrasts with
other sector fields.

6. About IFRS 17 Certification
• IFRS 17 Certification has become an important driving force for
accounting, economic, and political reform in many parts of the
world.
• The convergence of financial reporting standards has considerable
benefits to prepares accounts, for listed companies, investors,
multinational businesses, and the global economy.
• The target audience is professional accountants and auditors,
qualified by their national accounting standards. However, it is
possible for those with experience but no formal qualifications in
accounting and auditing to register for this certificate.
• Those who want a better International Financial Reporting
Requirements Certification can also apply for this certificate.

7. Significance of IFRS Certification in 2020
• IFRS 17 is the international accounting framework for how
public companies prepare and disclose their financial
statements.
• International Financial Reporting Requirements Certification
will help you to understand and explain the structure of the
framework of international accounting.
• Apply relevant financial reporting standards to key elements
of financial reports.
• And identify and apply disclosure requirements for
companies in financial reports and notes. Prepare group
financial statements (excluding group cash-flow statements)
including subsidiaries, associates, and joint ventures.

8. Training Facility in UAE: Dubai,
Abudhabi, Sharjah .
• If you are looking for an IFRS 17 certification course in Dubai,
Abudhabi, and Sharjah in UAE, you are reading the right article.
Zabeel Institute has designed the best IFRS exam preparation
course.
• This Certification Training offered by Zabeel Institute stands out
from other training in the market.
• International Financial Reporting Requirements exam result and
pass percentage in Zabeel Institute is very high, which is increasing
day by day under the constant support and guidance from the
instructor.
• Zabeel Institute is well known for delivering several successful
batches for IFRS every year. Zabeel ensures to help all students
with all sorts of assistance for their brilliant performance in the
exam.

9. For further Information , please contact :-
Phone : 00971 4 3974905
Whatsapp : 00971505258501
Email : mail@zabeelinstitue.ae
Website : www.zabeelinstitute.ae
Enquiry : https://zabeelinstitute.ae/enquire/