Update on Accounting and Financial Reporting

Submitted by Administrator on Thu, 03/17/2011 - 4:03pm

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What you will learn:

This one-day seminar provides what you need to know to prepare for year-end and beyond. Teaching sessions cover changes to the Annual Statement blank and Annual Statement Instructions, illustrated by a completed model company statement. We will discuss any changes and improvements to the investment schedules. We will also discuss current developments affecting the IMR, AVR and RBC, Separate Accounts, actuarial work and statutory accounting guidance. Because work on the Quarterly Statements will be upon us immediately after year end, we preview changes to Quarterly and Annual Statements in that year as well. Our final topic surveys new GAAP developments affecting life insurers as well as future convergence with International Financial Reporting Standards (IFRS).

Seminar Content:

  • Detailed discussion of changes to the current year Annual Statement and NAIC instructions, with a special focus on those related to investment reporting
  • Developments related to the AVR, IMR and RBC
  • Changes to the Separate Accounts blank
  • Current developments affecting your actuaries
  • Current and proposed changes to the NAIC Accounting Practices and Procedures Manual
    • Statements of Statutory Accounting Principles (SSAPs)
    • Issue Papers (IPs)
    • Interpretations (INTs)
  • Preview of changes to next year's Quarterly and Annual Statement blanks and instructions
  • GAAP and IFRS convergence developments relevant to life insurers

Who Should Attend:

Anyone needing information on current insurance accounting and reporting issues.

Prerequisites:

No advance preparation or prerequisite is required, but a background in insurance accounting and reporting would be beneficial.

Class Times:

Class begins at 9:00 a.m. and ends at 4:30 p.m

Estimated CPE Credit: 7.0 hours

Tuition: $795

Upcoming seminar dates and locations:

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

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