GAAP Accounting & Update

With the ever-changing regulatory landscape, new accounting standards, and emerging trends, it’s critical for insurers and related companies to stay up on the latest guidance. Join us for a two-day virtual training event as we provide insight on industry hot topics, including current and proposed accounting and tax updates and much more!
Upon completion of this program, participants will be able to:
Discuss the most recent FASB agenda activities.
List select recent GAAP accounting updates impacting financial statements for 2024 and beyond.
Identify selected new rules from the SEC.
Recognize key current federal tax law changes for year-end.
Describe the tax legislative post-election outlook.
State GAAP and statutory tax reporting updates.
Explain state and local tax legislation changes.
Identify the statutory statement changes.
Outline risk-based capital revisions.
Discuss statutory accounting updates.
Describe the Valuation of Securities Task Force.
Identify new NAIC topics and 2024 updates that impact the insurance industry.
Recall updates from the November NAIC National Meeting.
List the primary classification requirements and updated bond definition under the new standard.
Describe potential changes and impacts to the classification of assets, accounting treatment, risk-based capital impacts, and transition guidelines surrounding the update.
Discuss best practices and challenges being faced in implementation and transition to the applicable standards.