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NBF 101 - TRAINING ON PSAK 62 (INSURANCE CONTRACT)

SUBSTANCE

The national insurance industry has to adapt soon to the new financial report recording that has been effective since January 1, 2012, namely statements of financial accounting standards (PSAK) 62 concerning insurance contract. PSAK 62 is resulted from the convergence of the IFRS, which in recording it treats genuine premium (protection) and investment premium transactions differently. In this way, the financial reporting system that is uniform and in accordance with the international standard may encourage any component in this industry to be more prepared to face the era of globalization.

The training on PSAK 62 (insurance contract) is designed especially for employees of financial and/or accounting units in order to gain further understanding of the change of the PSAK that will relate to the insurance industry, especially PSAK 62, PSAK 50 of 2010 revision, PSAK 55 of 2011 revision, PSAK 60, and PSAK 28 of 2011 revision.

BENEFIT

By completing this training, the participants are expected to be able to:

  • Explain the latest PSAK concerning insurance
  • Make actuarial calculation in indemnity insurance and insurance contract
  • Compare the new PSAK with the previous one
  • Identify financial report items affected by the change of the PSAK
  • Make adjustments on financial report items affected by the change of the PSAK
  • Prepare financial report under the latest PSAK

 

CONTENT

Reviews of the latest PSAK concerning insurance:

  • PSAK 62 (2010)
  • PSAK 28 (2010 revision)
  • PSAK 36
  • PSAK 50 (2010 revision)
  • PSAK 55 (2011 revision)
  • PSAK 60 (2010 revision)
  • Actuarial calculation in indemnity insurance and insurance contract
  • Comparison between the latest PSAK and the previous one
  • Review on financial report and identification of financial report items affected by the change of the PSAK
  • Financial report preparation based on the latest PSAK
  • Adjustment of financial report items affected by the change of the PSAK

 

LEARNING PROCESS

This in-class training applies a combination of lectures, case studies, and discussions.

PARTICIPANT

This training is recommended for financial and/or accounting staff dealing with financial report recordings.

FACILITATOR

The facilitators of this training comprise academicians and practitioners specialized in accounting, especially relating to financial report preparation under the international standard (IFRS and PSAK), either conceptual or practical.

DURATION

This training is held intensively in 3 (three) workdays, from 8.00 a.m. up to 4.30 p.m. (local time).


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