U.S. GAAP targeted improvements for long-duration insurance contracts: Update II

  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
By William C. Hines, Karthik Yadatore | 26 December 2017
The Financial Accounting Standards Board (FASB) proposed changes to the accounting for long-duration insurance contracts in four major areas. This paper summarizes the FASB’s original proposal and outlines the key changes made during the re-deliberations.