Investment Accounting and Reporting

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What you will learn:

Participants will acquire a fundamental understanding of the nature and types of invested assets used by life insurance companies. As the statutory Annual Statement is dominated by investment-related schedules, exhibits and worksheets and the GAAP balance sheet and disclosures are likewise dominated by investment detail, this seminar provides a thorough discussion, including class exercises, of both types of accounting for investments.

Seminar content:

• Life company investments and their valuation (including investments in subsidiaries and affiliates)
• Introduction to the investment schedules and the Securities Valuation Office (SVO)
• Investment schedules
• Nonadmitted assets and the Assets page
• Investment income
• IMR and AVR
• Realized and unrealized capital gains
• Accounting for impairments
• Introduction to derivatives
• Special investment accounting rules
• Statutory and GAAP investment disclosures

Who Should Attend:

Accountants, investment specialists, financial managers and others working with or needing a better understanding of statutory and/or GAAP accounting and financial reporting for invested assets in a life company.

Prerequisites:

No advance preparation or prerequisite is required for this introductory seminar.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. on the first day and at 3:00 p.m. on the second day.

Estimated CPE Credit: 14.0 hours

Tuition: $1495

Note(s):

The combined tuition if both the Investment Accounting and Reporting and Derivative Accounting and Reporting seminars are taken together is $2,190, a $500 savings.

Upcoming seminar dates and locations:

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