Introduction
The Assumption Management and Calculation Module course is designed to provide a structured understanding of the sophisticated assumption-setting methodologies and detailed actuarial and accounting closing procedures required for IFRS 17 financial closing. Through a practical and industry-focused approach, this course enables participants to acquire essential skills and knowledge for the IFRS 17 closing process and effectively apply them in practice.
In particular, the course focuses on understanding the concepts and principles of Activity-Based Costing (ABC) for expense allocation and learning effective assumption-setting methodologies based on this framework. It emphasizes the significance of ABC-based expense allocation under IFRS 17 and provides a detailed explanation of the key steps and procedures involved in the allocation process. Additionally, by incorporating case studies and hands-on exercises, participants will gain practical experience in deriving and validating assumptions using ABC methodologies. This will strengthen their ability to accurately analyze complex expense structures and develop appropriate allocation strategies under IFRS 17.