Accounting and Reporting of Other-Than-Temporary Impairments - Debt and Equity Securities

Submitted by Administrator on Wed, 12/21/2011 - 3:55pm

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Course Title: Accounting and Reporting of Other-Than-Temporary Impairments - Debt and Equity Securities

Description: Comprehensive discussion of the accounting and reporting of other-than-temporary impairments for debt and equity securities on a GAAP and statutory basis, including the required disclosures.

Topic: Investment Accounting for Insurance Companies

Level: Basic

CPE Credits: 1.5 hours

Prerequisites: None

NASBA publication/revision date: November 2011

Learning Objectives:

Upon successful completion of Accounting and Reporting of Other-Than-Temporary Impairments – Debt and Equity Securities, the learner should be able to:

  • Define key terms
  • Apply OTTI guidelines for debt securities on a GAAP and statutory basis
  • Apply OTTI guidelines for equity securities on a GAAP and statutory basis
  • Account and report OTTI adjustments properly
  • Prepare the required OTTI disclosures for GAAP and statutory financial statements

Outline:

  • Definition of key terms
    • Impairment
    • Cost basis
    • Fair value
    • Other-than-temporary
  • OTTI Guidelines - Debt Securities
    • Sources of Literature - Statutory & GAAP
    • OTTI determination, measurement, accounting and reporting
      • GAAP
      • Statutory
        • Loan-backed securities
        • Non-loan-backed securities
      • Case Studies
  • Specialized Issues
    • Definition and determination of “more-likely-than-not”
    • Determination of “present value of expected cash flows”
    • Definition and determination of “interest related”
      • Define and illustrate “credit spread widening”
    • Accounting for premiums and discounts subsequent to OTTI recognition
  • OTTI Guidelines - Equity Securities
    • OTTI determination, measurement, accounting and reporting
      • GAAP
      • Statutory
  • OTTI Note Disclosures
  • Statutory Reporting Issues
    • Annual Statement Reporting
    • AVR/IMR Treatment

DateTimeCost
$160 (first attendee)
$140 (each additional attendee)		Registration is closed.
(Registration closes 2 hours prior to the starting time.)

Note: All times are US Eastern. What time is it now?.


System Requirements:
  • Windows 95 or Higher
  • Internet Explorer 5.0 or Higher
  • 800 x 600 or higher screen resolution
  • Macromedia Flash Player 5 or Higher
  • Acrobat Reader