|Available Formats:||Online Subscription | Paperback | eBook | See All|
AICPA Audit & Accounting Guides are developed and updated to provide guidance and discussions specific to current industry developments and trends.
The AICPA Life & Health Insurance Entities Audit and Accounting Guide, updated as of May 1, 2012, includes relevant guidance contained in standards issued through that date, supplemented with specific "how-to" recommendations that show how to apply the standards to the insurance industry. Due to the clarification in the definition of the types of acquisition costs that can be capitalized, as provided by ASU No. 2010-26 Financial Services--Insurance (Topic 944): Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts, the accounting content of Chapter 10 "Commissions, General Expenses, and Deferred Acquisition Costs" of this guide has been revised to incorporate the new guidance and also to include two illustrative examples of how to determine deferrable acquisition costs. All content is reviewed by industry experts and the appropriate AICPA senior committee(s).
Updates significant to this edition include technical guidance contained in:
If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:
Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the CPA2Biz/AICPA Service Center at email@example.com or call 888-777-7077.