Description: Presenters discuss: [1] market-value accounting, [2] accounting for mortgage-backed securities [MBSs] and collateralized mortgage obligations [CMOs], [3] the emergence of earnings under FAS 60 and FAS 97 products, and [4] effectively communicating financial results to management. Session 10 of the 1992 Valuation Actuary Symposium.

Description: This session from the 1984 SOA Toronto discusses the Deficit Reduction Act of 1984 - DEFRA, FASB proposals and the Retirement Equity Act of 1984 - REA. From Record of the Society of Actuaries Vol. 10, No. 4A in Toronto

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, presented a discussion on developments related to Generally Accepted Accounting Principles- GAAP. The discussion included: FASB reformulation of audit guide, treatment of single premium deferred annuities, problems of applying GAAP principles to Universal Life, and a discussion of papers titled: a. A Policy-Year Model for GAAP Valuation of Coinsurance and Modified Coinsuranee, by David N. Becker and Michael V. Eckman and, b. GAAP for Nonguaranteed Premium Life Insurance, by Kriss Cloninger III.

Description: Discusses: [1] the effects of Financial Accounting Standard No. 97 [FAS 97] on recoverability and loss-recognition issues, [2] interest-crediting strategy, ways and means of maintaining the planned interest spread, the effects of the various strategies on lapse experience, and the ultimate effect on recoverability of the deferred acquisition costs, and [3] premium-deficiency testing and the modification of interest, mortality, and expense margins to satisfy the question of loss recognition, or lack of the ability to recover the remaining deferred asset. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: 1993 SOA Spring Meeting, Boston. This session is about SFAS 97 which is fundamentally focused on the gross profit stream of products like universal life and deferred annuities. Topics included: 1. Assumption setting with view to tracking and verification. 2. Level of detail and differentiation between products and cells. 3. Timing issues - model versus financial reporting. 4. Unlocking.

Description: Presented at June 1986 Spring Meeting. This session discussion is about current developments in the United States and Canada, wording of opinions and certificates from accounting firms and Financial Accounting Standards Board 'FASB' draft on interest-sensitive products.

Description: 1999 Valuation Actuary Symposium, Los Angeles. This session provided a brief overview of a variety of financial reporting topics most of which were discussed in more detail at later sessions. Topics included: 1. NAIC Life and Health Actuarial Task Force developments and directions. 2. XXX Implementation Status. 3. New annuity valuation tables. 4. Statutory codification project. 5. AAA developments, including practice notes. 6. Unified Valuation Systems. 7. FASB and SEC developments. 8. Recent tax developments.

Description: This panel discussion was presented at the 1980 SOA Spring Meeting in Minneapolis. Discussions included Pension Plan issues related to Financial Accounting Standards Board FASB disclosure, accounting and reporting. FAS 35 And FAS 36 were discussed in detail. From Record of Society of Actuaries, Vol. 6, No. 2.

Description: Implementation of GAAP Targeted Improvements will impact data, reporting, resourcing and governance. This provides an ideal opportunity to rethink some of the data and reporting processes currently in place and how they can be improved to create effective and scalable solutions for the future. With the transition date already behind us for public companies and preparation in motion, we will share insights into how organizations have started to tackle implementing the GAAP Targeted Improvements. The presenters will share insights on data and process challenges and possible solutions, as well as a 'smart compliance' approach to comply with the most valuable aspects of compliance. Resourcing strategies for successful implementation will also be discussed.

Description: There is a lot of focus on GTI and its impact on modeling, methodology and transition. However, given the dependencies that exist on the data infrastructure, the implementation of the guidelines is an ideal opportunity to also streamline and improve data storage, data transformation, and reporting processes to create an efficient, effective and scalable data solution. This session will focus on the specific impacts and possible solutions to the following data processes: In force data Experience studies and assumption setting post model data feeds and subledger processes Data warehouse and reporting systems