Description: The purpose of this report is to develop information that may be useful to the Pennsylvania legislature in its efforts to regulate the funding of pre-need contracts. What we have done is to develop a theoretical basis for regulation and then to suggest some practical approaches to initial implementation.

Description: The objective of this paper is to demonstrate that the long-term trends in the rate of company expansion affect policyholder costs and estimate the amount of the impact. Followed by several discussion papers submitted

Description: This paper considers two principles which at present are given little weight in accounting for investments: 1. the reported earnings of a business entity should not change solely because an investment is sold at a capital gain or loss and the proceeds are reinvested, and 2. the accounting treatment of common stock investments should not vary according to the portion of the issuer's outstanding common stock which the investment represents. The implications of these principles are explored in accounting for bonds, stocks and business combinations. A discussion of this paper is included.

Description: This paper describes a typical consumer credit transaction, shows how the rule of 78 works, identifies its degree of accuracy, and discusses issues raised by its use, including federal truth-in-lending implications. Followed by several discussion papers submitted