Accounting and Financial Reporting
Printer-friendly versionWhat you will learn:
Participants will receive a thorough orientation to statutory and GAAP accounting concepts for P&C companies. Additionally, the class provides a survey of the statutory Annual Statement and GAAP financial statements. A brief introduction to federal income taxation is also included.
Seminar content:
- P & C products and terminology
- Framework of statutory and GAAP accounting
- Overview of the NAIC Annual Statement
- Premium accounting
- Expense classification and recognition
- Loss concepts and terminology
- Reinsurance concepts and Schedule F highlights
- Review of loss information in key parts of Schedule P
- Investment valuations and Schedule D overview
- Statutory and GAAP financial statements and disclosures
- Federal income tax overview
Who Should Attend:
Accountants, auditors, consultants, analysts, managers and others desiring an understanding of the basics of insurance accounting theory and the financial reports prepared by P&C insurers.
Prerequisites:
No advance preparation or prerequisite is required for this introductory seminar. For a more detailed discussion of the preparation of Annual Statement schedules and exhibits, we recommend that you attend the four-day Annual Statement seminar. Non-financial personnel desiring a more general discussion of these topics should consider our Financial Reporting for Non-Financial Managers seminar.
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.
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