There is no doubt about it - accounting subledgers are a hot topic of conversation in the world of insurers. And from what we have seen, it's IFRS 17 which is shining this new-found spotlight on subledgers and subledger strategy. 

What are your plans for accounting and finance professional development in 2019?

We often hear accounting and finance teams tell us that their company's revenue is unique, however, in our experience, most 'like' companies have similarities in 70 to 90% of their revenue treatments.

Prospective clients consistently tell us the...

IFRS 17 is a new accounting paradigm for insurers requiring significant changes to accounting treatments. Unlike Solvency II and other insurance regulations before it, IFRS 17 requires a much greater degree of collaboration between actuaries,...

We recently sat down with Aptitude Software clients, Brian Dean (T-Mobile,) Kyle Jones (Rogers Communications Inc.,) and Lee Hendrickson (24 Hour Fitness,) to discuss revenue recognition compliance challenges, lessons learned and how they plan to...

IFRS 17, and now it's FASB counterpart, ASC 944, continues to be a hot topic of discussion among insurers.  We've pulled together a list of some recent content from the last few weeks in case you missed it. 

See an overview of the Aptitude Lease Accounting Engine software in action via video or, read the transcript below. 

If you work for an insurance company and you report under IFRS GAAP, you no doubt have seen the decision by the International Accounting Standards Board (IASB) to delay the implementation of IFRS 17 for one year to 1 January 2022. 

The new lease accounting standards will make financial statements more transparent and comparable by requiring organizations to report operating lease liabilities on the balance sheet.  But will the lease accounting standards have other...

Two things to consider before adopting the Premium Allocation Approach under IFRS 17