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 / Taek-gi Lee

Course Format : on-line

Course Duration : 

Study Period : 180days

Course Fee : $700

Number of Lectures : 8

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 / Taek-gi Lee

Course Format : on-line

Course Duration : 

Study Period : 180days

Course Fee : $700

Number of Lectures : 8

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

  • Mid-level managers and executives at insurance companies, reinsurance companies, and actuarial firms
  • Managers responsible for developing business strategies in actuarial, risk management, finance, and planning departments
  • Executives who need to understand the latest regulations and risk management policies such as IFRS 17, K-ICS, and RBC
  • Operational leaders making decisions based on profit management, capital management, and risk strategies

Course Category

1. Actuarial Fundamentals
[Open March 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
[Open April 2025]

- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance

4. Assumption Management and Calculation

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

5. IFRS 17 Actuarial Closing Practice

- 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 April 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 April 2025]

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

10. Actuarial Modeling Course (New Product Modeling)
[Open in 2025]

- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance

11. Actuarial Modeling Course (IFRS 17 Closing Practice)
[Open in 2025]

- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance

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

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

13. Reporting

- Supervisor Report Preparation Method
- Automation System Example

14. Product Planning
[Open in 2025]

- Product Introduction
- Product Structure
- Market Understanding
- Risk Rate

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