Accounting and Financial Reporting

Submitted by Administrator on Wed, 02/01/2012 - 12:44pm

Printer-friendly versionPrinter-friendly version

What you will learn:

Participants in this seminar will receive a comprehensive orientation to life insurance company accounting and financial reporting - statutory and GAAP. Rounding out the seminar, a brief introduction to life insurance federal income taxation also is included.

Seminar Content:

  • Life insurance fundamentals
  • Framework of statutory and GAAP accounting and financial reporting
  • Life insurance product accounting
    • Policyholder revenues, benefits and reserves
    • Policyholder acquisition costs
    • Reinsurance
  • Investment accounting
    • Valuation and reporting of invested assets
    • Investment income and capital gains (losses)
    • Interest maintenance and asset valuation reserves
  • Risk-based capital and target surplus concepts
  • Basic statutory and GAAP financial statements
  • Notes and disclosures, and other supporting information in the financial statements
  • Federal income taxation of life insurance companies

Recommended Field of Study: Accounting

Who Should Attend:

Accountants, auditors, consultants, analysts, managers and others desiring an understanding of the basics of both GAAP and statutory insurance accounting and the financial reports prepared by life insurers.

Prerequisites:

No advance preparation or prerequisite is required for this basic to intermediate seminar. Those who wish to focus primarily on GAAP accounting and reporting should consider the GAAP 1 and GAAP 2 seminars.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. except on the last seminar day which adjourns at 12:15 p.m.

Estimated CPE Credit: 20.0 hours

Tuition: $1795

Upcoming seminar dates and locations:

There are no upcoming dates for this seminar.
Look for our 2012 schedule in February/March.

To register and pay by credit card, use the Register Now button(s) below.

To register by mail and pay by check, click here.