The American Institute of CPAs’s Financial Reporting Committee released working drafts Monday of two pieces of implementation guidance for the Financial Accounting Standards Board’s long-duration ...

The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, ...

Insurance companies must save a certain percentage of the premiums they receive to pay for claims. The amount set aside, the reserves, must be enough should a large group of policyholders experience a ...

Drilled into the head of every accounting student are the generally accepted accounting principles, or GAAP, that govern the process of accounting. These principles form the foundation on which ...

Explore cash accounting for small businesses, its simplicity, potential financial misrepresentations, and how it compares to ...

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today the successful upgrade of its SAP Financial Asset Management application to SAP S/4HANA, which further enhances its Insurance ...

Financial reporting for insurance companies that issue long-duration contracts will change under an accounting standard issued by FASB. The targeted changes to the current reporting model affect ...

The July issue of Best’s Review includes a ranking of the top global brokers and provides coverage of insurance accounting: “Top Global Insurance Brokers – 2025 Edition” provides a ranking of the top ...

For those accounting firms that embrace wealth management, the focus of their efforts, many times, is on asset management. There are a number of reasons for making investment advisory services central ...

The International Accounting Standards Board on Thursday issued its latest draft of proposed new rules for accounting for insurance contracts. New rules on insurance accounting are expected to make ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...

MALVERN, Pa.--(BUSINESS WIRE)--The Insurance Accounting & Systems Association (IASA) has opened registration for IASA Xchange™ 2026, its annual conference and tradeshow for insurance professionals ...