U.S. GAAP targeted improvements for long-duration insurance contracts: Update II
By William Hines and 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.
About the Author(s)
U.S. GAAP targeted improvements for long-duration insurance contracts: Update II
This paper summarizes the Financial Accounting Standards Board’s original proposal regarding changes to the accounting for long-duration insurance contracts and outlines the key changes made during the re-deliberations.
William Hines, Karthik Yadatore