Читать книгу Annual Accounting and Auditing Workshop - Kurt Oestriecher - Страница 87

Targeted improvements were needed to existing guidance for recognition, measurement, presentation, and disclosure requirements for long-term contracts issued by an insurance entity. To achieve these objectives, the amendments in this update

 improve the timeliness of recognizing changes in the liability for future policy benefits and modify the rate used to discount certain cash flows;

 simplify and improve the accounting for certain market-based options or guarantees associated with deposit contracts;

 simplify the amortization of deferred acquisition costs; and

 improve disclosure requirements.