Session Information
SOA - Valuation Actuary Symposium 2007
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US GAAP Issues
Track
:
September 17, 2007
Program Code:
12PD
Date:
Monday, September 17, 2007
Time:
10:00 AM to 11:30 AM
Location:
Austin H
SPEAKER
(S):
Craig Buck
Charles Chacosky
Tara Hansen
Description
Learn about current topics concerning US GAAP financial reporting for life and annuity products. Experts in the application of US GAAP concepts will discuss theoretical and practical aspects of emerging issues. Some topics may also be covered in more depth in other sessions. Possible topics include:
• Impact of securitizations on US GAAP financial statements
• SOP 05-1—Internal replacements
• Implementation of and unlocking under SOP 03-1
• Risk transfer under reinsurance
• Shadow loss recognition
• Fair Value Reporting under FAS 155, FAS 157, and FAS 159
• Reconciliation with International Financial Reporting Standards
• Disclosure
By attending this session, the participant will have an increased understanding of the conceptual and practical issues of current interest under US GAAP:
• Impact of securitizations on US GAAP financial statements
• SOP 05-1—Internal replacements
• Implementation of and unlocking under SOP 03-1
• Risk transfer under reinsurance
• Shadow loss recognition
• Fair Value Reporting under FAS 155, FAS 157, and FAS 159
• Reconciliation with International Financial Reporting Standards
• Disclosure
By attending this session, the participant will have an increased understanding of the conceptual and practical issues of current interest under US GAAP:
This session is a part of: