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Basics of US GAAP for Life Insurers FS 11

Aktuariat-witzelBasics of US GAAP for Life InsurersETH / Universit tZ richFr hjahrssemester2011Dr. F hrungsinfo. Teil3; US GAAPDr. RuprechtWitzel; FS 1121. Introduction2. Product Classification3. Expense Classification4. BS and P&L Structure5. Asset Classification6. Technical Reserves7. Deferred Acquisition Costs8. Recoverability Test and Loss Recognition Test9. Shadow Adjustments10. Legal Quote 11. Purchase GAAPC ontentFinanz. F hrungsinfo. Teil3; US GAAPDr. RuprechtWitzel; FS 113 US GAAP (General Accepted Accounting Principals) financial reporting is characterized by the following two principles: true and fair time wise matching (synchronization) of proceeds (income) and expenditures (outgo)1.

• The time wise matching (synchronization) of ... • In the last chapter, the characteristics of P-GAAP are presented 1. Introduction ... – are focused on the capital markets •The main purpose is to provide useful and reliable information for the investors and the analysts 1. Introduction

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