Managerial Accounting

This course enables participants to acquire knowledge about business planning, KPI management, and financial statement hedging. It also helps them enhance their ability to effectively apply this knowledge through targeted training.

Instructor : Jeonghun Park

Course Format : on-line

Course Duration : 

Study Period : 60days

Course Fee : $2500

Number of Lectures : 

Managerial Accounting

This course enables participants to acquire knowledge about business planning, KPI management, and financial statement hedging. It also helps them enhance their ability to effectively apply this knowledge through targeted training.

Instructor : Jeonghun Park

Course Format : on-line

Course Duration : 

Study Period : 60days

Course Fee : $2500

Number of Lectures : 

Introduction

This training module is designed to provide participants with systematic expertise in business planning, KPI management, and financial statement hedging.
The course covers the key components of business planning and explores effective methods for setting and managing KPIs in depth, using practical case studies to enhance understanding.

Additionally, it introduces the concept of financial statement hedging and detailed methodologies for its application, aiming to improve participants’ ability to effectively manage financial risks.

Training sessions focus on exploring how to apply acquired theories to real-world practices and offer various simulations to enhance practical experience.

Through this, participants will gain the practical skills necessary to develop and implement business plans and KPI strategies that support organizational objectives.

Ultimately, the goal of this training is to enable participants to confidently apply the knowledge gained from this module to their actual work environments.

Target Audience

This course is designed for undergraduate and graduate students majoring in accounting or actuarial science, individuals interested in the fields of accounting and actuarial science, job seekers, and actuaries or professionals working in international or multinational insurance companies.

Course Category

1. Actuarial Fundamentals
[Open in 2025]

- Premium and Surrender Value Calculation using Actuarial Tables
- Understanding Actuarial Science

2. Company-wide Training
(IFRS 17 / K-ICS)

- Examples of IFRS 17 Accounting Treatments
- Introduction to K-ICS
- Direction of Profit and Loss Management under IFRS 17

3. Product Development (TBD)
[Open February 2025]

- Practical Training on PV Generation Using Actuarial Tables
- Profit and Loss Analysis for New Products
- Development of Risk Rates

4. Assumption Management and Calculation

-Methodologies for assumptions of risk/policyholder behavior/expense allocation/economics
- Actuarial Assumption Management Strategies (Audit Trail)

5. Advanced IFRS 17 Actuarial Closing

- Advanced IFRS 17 Actuarial Closing Practices

6. K-ICS

- Overview of Risk Management in Insurance Companies
- Understanding Market Risk
- Understanding Interest Rate Risk
- Understanding Insurance Risk
- Insurance Risk Internal Model

7. Reinsurance
[Open in January 2025]

- Traditional Reinsurance
- Co-Reinsurance
- Excel-Based Reinsurance Profit and Loss Forecasting

8. Management under IFRS 17 and K-ICS Standards

-Direction of Profit and Loss Management under IFRS17
- ALM-Based Management
- MCEV-Based Management
-Risk Based Asset-Liability Portfolio Management

9. Managerial Accounting
[Open coming]

- Biz Planning
- Selection of KPIs under IFRS 17 and K-ICS Standards
- Variable Product Hedging

10. Actuarial Software
[Open in 2025]

- Understanding Actuarial Software
- Pricing Practice
- Valuation Practice
- Internal Management Practice (Business Planning, ALM, etc..)

11. ERM (Enterprise Risk Managment)
[Open in 2025]

- Basic ERM Risk Management
- Insurance Risk Concept and Internal Model

12. Reporting

- Supervisor Report Preparation Method
- Automation System Example

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