Description: This session from the 1983 SOA Vancouver Meeting discusses GAAP topics including purchase accounting, UL, deferred acquisition costs and others. The value of interim earnings reports and statutory issues are also examined. From Record of Society of Actuaries, Vol. 9, No. 3.

Description: This session from the 1984 SOA Toronto Meeting discusses GAAP Accounting Alternatives For New Products including SPDA's, Universal Life, fixed premium variable life, review of the Audit Guide and the recoginition of premium revenue and variable universal life. From Record of the Society of Actuaries Vol. 10, No. 4B

Description: This session 112 PD of the Toronto Spring Meeting covers principles developed during the Unified Valuation System UVS project of the American Academy of Actuaries with support from the Society of Actuaries and the Financial Reporting Section of the SOA. From the Record of the Society of Actuaries, Volume 27, No. 2.

Description: Presented at May 1985 Spring Meeting. This session discussed: Applicable American Academy of Actuaries financial reporting recommendations, Techniques used in establishing margins, Appropriate margins under internal replacement programs, GAAP earnings impact of various methods for establishing margins for adverse deviation, Special considerations for interest-sensitive and lapse-sensitive products.

Description: The American Academy of Actuaries identified two general approaches to the purchase accounting problem in its Interpretation I-D. The approaches are referred to therein as the defined initial reserve method and the defined valuation premium method, and the Interpretation does not show favoritism toward one or the other. This paper submits a 'best' method, arrived at through the following steps: 1. The purchase accounting problem is defined, 2. The effects of the defined initial reserve method and the defined valuation premium method on the ensuing profit projection and resulting balance sheet are examined, and 3. One method is shown to be the most consistent mechanically and most consistent with generally accepted accounting principles 'GAAP'. Finally, this paper discusses a few of the considerations in setting the actuarial assumptions to be used for purchase accounting. The task is slightly less difficult when using the method suggested as best. From Transactions of Society of Actuaries 1982, Vol. 34.

Description: This articles discusses the questions - should statutory profits be discounted at an after-tax rate, or at a pre-tax rate?

Description: Presented at April 1985 Spring Meeting. This session discussed different accounting alternatives for products such as Universal Life, deferred annuities, variable products.