PPT-Statutory Accounting and Reporting Update

November 16 2017 Mystic CT 1 Agenda Learning Objectives Overview of Statutory Accounting Principles Working Group SAPWG the Blanks Working Group BWG and the standard setting process Summary of key items for 2017 reporting. STATUTORY BOARD FINANCIAL REPORTING STANDARD GUIDANCE NOTE 1 brPage 2br Contents paragraphs Statutory Board Financial Reporting Standard Guidan ce Note 1 Accounting and Disclosure for Funds Grants Accumu lated Surplus and Reserves OBJECTIVE 1 SCOPE Presenter’s Name. Presenter’s Title. The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decision. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.. Audit Directives: Overview. Henri Fortin. Head, Centre for Financial Reporting Reform. UPFAA Conference – Kyiv, 17 December 2014. New Accounting Directive . (. 2013/34/EU) . a. dopted. on 26 June 2013. Purvis Gray & Company LLP . June, 2011. Mark A. White CPA, Partner. Purvis Gray & Company, LLP. Ocala, Florida. Accounting Profession Reacts to New GASB Statements. Historical Perspective. GASB was established by the Financial Accounting Foundation (FAF) in 1984. Including a Unified Chart of Accounts. John Zohrab. Fiscal Affairs Department. Presentation at the Regional Workshop. on Financial Reporting and Management of Fiscal Risks. in Astana, Republic of Kazakhstan, May 21-23, 2014. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 1. Describe . the growing importance of global . financial markets . and its relation to financial . reporting.. Identify . Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. Lecture 02. IAS 8 . Accounting Policies, Changes in Estimates and Correction of Errors. IAS 18. Revenue. IAS 37 . Provisions, Contingent Liabilities and Contingent Assets. Sajid. Shafiq, ACA. IAS-8 Overview. Presenters. Presenter A. Title . xxxxxx@bdo.com. Presenter B. Title. xxxxxx@bdo.com. . Learning Objectives. Upon completion of this course participants will be able to: . Recognize . impact of recently . Practice Fellow. Financial Accounting Standards Board. August 20, 2015. 1. The views expressed in this presentation are those of the . presenter. . Official positions of the . FASB are . reached only after extensive due process . Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. Hot Topics. . George Mensah, Deloitte & Touche LLP. Rae Stewart, Deloitte & Touche LLP. May 12, 2016. FASB . update . Employee Benefit Plans update. Leases. Revenue. Question . and answer. Agenda. September 16, 2015. Claire Arnold, CPA. Creating A More Educated Georgia. 1. FY 2015 Financial Engagement Cycle. Where are we now?. Budgetary Basis Compliance Reports (BCRs) submitted and reviewed. Annual Financial Reports (AFRs) submitted and...