E-learning is a valuable digital tool for self-paced learning delivered via digital devices. E-learnings can be accessed by multiple simultaneous users from any part of the world, at any-time.
E-learning training requires 40-60% less employee time than learning in a traditional classroom setting. It is an effective training method that does not take too much of your employees’ time. What’s more, it allows your employees to both manage their job responsibilities and take charge of their own upskilling.
PwC’s Academy can develop effective e-learning training courses to meet the training needs of your employees.
Unlock the benefits of e-learning: find out whether you need an e-learning solution!
- E-learnings
- Banking
- Shared Service Centres
- Insurance
E-learnings
E-learnings are key when you need to upskill a large group of people at the same time over a long period. They are a great solution when you need to either introduce or resolve a compliance topic or challenge, organize a technical training, introduce a new process or procedure at work, present new legislation topics, organize an employee induction or onboarding training, and in similar situations. Check out this short video and explore the many ways in which e-learning has been used by organisations across different industries!
Banking
Risk management training is compulsory for bank employees. Classroom training has proven to be effective in knowledge transfer, but it comes at a cost, and takes up a lot of time from both trainers and employees. Sharing guidelines with employees did not lead to expected results in terms of increasing employee knowledge. PwC has developed an e-learning training course to solve this challenge. With PwC’s e-learning solution, employees have been provided with anytime anywhere learning access. We have been able to test employee knowledge levels, and report on employee performance. Our test results unveil that e-learning raises the level of knowledge among employees while being time and cost-effective.
Shared Service Centres
The effectiveness of a Shared Service Centre depends on how fast an organisation can perform the onboarding of new hires. New hires are traditionally integrated into an organization through classroom training sessions, and by sharing knowledge of the organisation’s processes and procedures that new hires need to learn. This method is usually overwhelming for newcomers and reading about the organisation’s processes and procedures is not stimulating either. E-learning solves this challenge as it is more engaging. E-learning courses comprise real life examples, questions and case studies so that its content is understood and better memorised.
Insurance
Due to organizational restructuring, an Insurance Company had to introduce significant changes in the development/sale procedure of one of its key products. It was essential that employees scattered across different worksites were provided with the same aligned information simultaneously, and that they had anytime anywhere access to such information. As the procedure was complicated, it was important to have it presented in a simple and understandable manner. With our e-learning solution we have managed to solve this challenge. Everyone gained knowledge simultaneously, the information was easily accessible and simply presented, and the e-learning content was engaging.
What are the benefits of e-learning for my organization and my employees?
- Cost efficient
- Time efficient
- Flexible
- Consistent
- Measurable results and reporting
- Easy to update
Cost efficient
After initial e-learning development costs, an e-learning training program can be delivered to employees on a large scale with no additional cost.
Time efficient
You will be able to distribute the same content simultaneously to a large number of employees. This is not possible through traditional classroom-based training, and it is much more engaging than an email or a video message.
Flexible
The content can be accessed at any time from any location. Learners can pause, stop, rewind, and skim the content. In other words, they can learn at their own pace.
Consistent
All learners will receive the same, aligned, and consistent information, no matter where they are located or when the information is received.
Measurable results and reporting
E-learnings can incorporate tests. On that account we are able to measure the e-learning outcome, and the knowledge that each participant has gained. Additionally, we can track participant progress and report back to you.
Easy to update
When there is a need to implement small changes into the program, there is no need to create an e-learning course from scratch. The changes can be easily incorporated in the existing e-learning program.
How does an e-learning course keep people engaged?
You may be familiar with the traditional 70:20:10 model and recall that individuals obtain 70% of their knowledge from job-related experiences and challenging assignments. Humans are biologically predisposed to develop through experience. Kolb’s theory of experiential learning states that adults learn best when they are engaged in the learning experience instead of memorising facts. By creating an impactful digital experience, we can trigger much of the same learning effects of real experience, engaging people more effectively and increasing learning potential. We use interactive tools to include the learner in the learning process, we create case studies and examples that correlate with the learner’s environment. This approach ensures that the content is better understood and memorised.
What technology and tools do I need for e-learning in my organization?
We develop e-learning programs in a standard e-learning format (SCORM) that can be uploaded to any LMS (Learning Management System) platform. In case you do not have your own platform, you can use PwC’s platform to host your e-learnings. The platform can be designed in accordance with your brand so that your learners have a feeling that they are accessing an internal tool.
What does an e-learning look like?
Have a look at one of our e-learning videos, and you can find many more on PwC's Academy Serbia YouTube channel
IFRS 15
IFRS e-learning
- IAS 19 Defined benefit plans
- IAS 21 The Effects of Changes in Foreign Exchange Rates
- IAS 33 Earnings per share
- IAS 40 Investment property
- IAS 20 Government grants
- Introduction to IFRS - IAS 1 Presentation of Financial Statements
- IFRS 9 Financial instruments for Banks
- COVID related financial reporting issues
- IFRS 1 First-time adoption of IFRS
- IAS 28 Investments in associates and joint ventures
- IFRS 11 Joint arrangements
- IAS 2 Inventories
- IAS 8 Accounting policies, changes in accounting estimates and errors
- IAS 10 Events after the reporting period
- IAS 12 Income taxes
- IAS 16 Property, plant and equipment
- IAS 23 Borrowing costs
- IAS 27 Separate financial statements
- IAS 36 Impairment of assets
- IAS 37 Provisions, contingent liabilities and contingent assets
- IAS 38 Intangible assets
- IFRS 9 Financial instruments for Corporates
- IFRS 10 Consolidated financial statements
- IFRS 13 fair value measurement
- IFRS 15 Revenue from contracts with customers
- IFRS 16 Leases
- IAS 7 Cash flow statements
Insurance e-learning
- How do you make sure you don't miss the train on IFRS 17?
- IFRS e-learnings for insurers
- IFRS 9 in practice – cases
- Introduction to hedge accounting under IFRS 9
- Impairment under IFRS 9
- Classification and measurement under IFRS 9
- Introduction to IFRS 9 financial instruments
- Reinsurance
- Premium Allocation Approach (PAA)
- Advanced Variable Fee Approach (VFA)
- Advanced General Measurement Model (GMM)
- Link between IFRS 17 and Solvency II
- IFRS 17 in practice – cases
- IFRS 17 level of aggregation, transition, reinsurance and other topics
- IFRS 17 presentation and disclosure
- IFRS 17 measurement models – participating contracts
- IFRS 17 measurement models – non-participating contracts
- Introduction to IFRS 17
Business and soft skills - e-learning
- Trust based remote working
- Change management and Corporate Culture
- International Diversity Management
Banking e-learning
- Regulatory framework for banks in a nutshell
- Monitoring Bank’s Performance
- Regulatory related guidances and BRRD
- Introduction to IFRS 9 financial instruments
- Introduction to IFRS and IFRS financial statements
- Financial instruments: Amortised cost and Fair value
- Financial instruments: Debt versus equity
- Financial instruments: Derecognition
- Introduction to IFRS 9 - Impairment under IFRS 9
- IFRS module for banks IFRS 9 case studies
- Introduction to hedge accounting under IFRS
- Hedge accounting under IAS 39 – cash flow hedges
- Hedge accounting under IAS 39 – fair value hedges
- Hedge accounting under IAS 39 – the macro fair value hedge
- Hedge accounting under IFRS 9
- Differences in hedge accounting under IAS 39 & IFRS 9
- Overview of IFRS9 for Banks
