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June, 2015 | JLKR Blog
http://ssapchat.com/2015/06
Monthly Archives: June 2015. ASU No. 2015-06 – Earnings Per Share. ASU No. 2015-06 standardizes the calculation of historical earnings per share related to dropdown transactions for Master Limited Partnerships (MLPs), partnerships where interests are publically traded. The issue was not addressed in Topic 260 Earnings Per Share and so in practice, there are a variety of methods being used; ASU No. 2015-06 should eliminate the variety.
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Ssap Changes | JLKR Blog
http://ssapchat.com/category/ssap-changes
Learning the Language of SAP. Pension Obligations: SSAP No. 92 & No. 102. Admitted & Non-Admitted Assets. Applying GAAP in Statutory Basis Financial Statements. SAP V GAAP: Affordable Care Act Assessment. According to Section 9010 of the Affordable Care Act, entities that issue health insurance must pay an annual fee one year (fee year) based on the amount of premium written in the prior year (data year). For a more extensive explanation of this fee see the post on SSAP 106. On December 12, 2014 the NAIC...
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Insurance Accounting | SSAP Chat Blog | California CPA Firm | JLKR Blog
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By Bill Rosenberger, CPA. January 6, 2015. Feeling overwhelmed by new and changing accounting rules, complex statutory reporting standards and burdensome financial regulations? Looking for a resource that addresses your key concerns and questions? Don’t worry; you are not alone!
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Asu Updates | JLKR Blog
http://ssapchat.com/category/asu-updates
ASU No. 2015-06 – Earnings Per Share. ASU No. 2015-06 standardizes the calculation of historical earnings per share related to dropdown transactions for Master Limited Partnerships (MLPs), partnerships where interests are publically traded. The issue was not addressed in Topic 260 Earnings Per Share and so in practice, there are a variety of methods being used; ASU No. 2015-06 should eliminate the variety.
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Regulatory Updates | JLKR Blog
http://ssapchat.com/category/regulatory-updates
Updated Lease Accounting Standards. On February 25, 2016, the Financial Accounting Standards Board (FASB) issued ASU No. 2016-02, which is the culmination of a multi-year collaboration with the International Accounting Standards Board (IASB) to improve accounting for leases. ASU No. 2015-09 – New Disclosures about Short-term Insurance Contracts. ASU No. 2015-06 – Earnings Per Share. SSAP 92 and SSAP 102 Changes for Pension Accounting. Last year the National Association of Insurance Commissioners (NAIC) a...
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Pension Accounting Change | SSAP 92 | SSAP 102 | Glendale CPA Firm | JLKR Blog
http://ssapchat.com/ssap-92-and-ssap-102-changes-for-pension-accounting
SSAP 92 and SSAP 102 Changes for Pension Accounting. By Bill Rosenberger, CPA. January 6, 2015. Last year the National Association of Insurance Commissioners (NAIC) adopted two new accounting standards designed to incorporate many of the changes to pension accounting processes outlined in Financial Accounting Standard (FAS) 158,. Employers’ Accounting for Defined Benefit Pension Plans,. Into Statutory Accounting Principles. The two new standards SSAP 92,. And SSAP 102,. Key Pension Accounting Changes.
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Real Estate Property LLC | SSAP 40 | SSAP 48 | Insurance Accounting Firm | JLKR Blog
http://ssapchat.com/ssap-40-40r-48-wholly-owned-single-real-estate-property
SSAP 40R – Wholly Owned Single Real Estate Property. March 27, 2015. On December 12, 2014 the NAIC adopted Issue Paper No. 149,. Wholly-Owned Single Real Estate Property in an LLC. Which makes substantive revisions to both SSAP No. 40. SSAP No. 48 Joint Ventures, Partnerships and Limited Liability Companies. The NAIC also adopted SSAP No. 40R. Revisions to SSAP No. 48 are expected to be exposed and adopted in the near future. In essence, the changes require insurers, as the. SSAP 40 is also amended to de...
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Insurance Reporting | NAIC Statement Preparation | Irvine CPA Firm | JLKR Blog
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Our experienced staff represents an unparalleled diversity of resources keen on providing the insight you need to stay updated on the latest tax, accounting and assurance issues for insurance companies. We provide the objectivity and neutrality needed to help you manage financial matters in your insurance company. Statutory Basis Financial Statements. GAAP Basis Financial Statements. SEC Registration Statements S1 and S3. Reports on 10K and 10Q for Accelerated Filers. Statutory Basis Tax Provisions.
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PADIC | Member List
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Anchor General Insurance Company. San Diego, CA 92150 anchorgeneral.com. California Mutual Insurance Company. Hollister, CA 95024 www.calmutual.com. Unlike a stock company, a "mutual" insurer is owned by its policyholders. We are here to make certain the needs of our policyholders are served at reasonable prices. Through our experienced staff, we offer the highest level of customer service from tailored coverages, flexible payment plans, efficient and fair claims handling to on-line services. We are a ma...
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SSAP 62R | Contingent Profit Commission | Loss Reinsurance Agreement | JLKR Blog
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Contingent Profit Commission in an Excess of Loss Reinsurance Agreement. April 22, 2015. Today’s blog focus is on the contingent commission in a reinsurance treaty. Accounting for the contingent commission need not be as daunting as it would seem in the actual agreement. Generally, these calculations are simple enough to be kept in a spreadsheet without too much trouble. This blog shares an example of a practical way to account the contingent commission. For this example of the excess of loss contract,.
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