gaap360

study tools and other resources for aspiring beans

FASB Seeks Input on Whether to Add Insurance Contract Project

The Financial Accounting Standards Board is seeking constituent input on whether to add a project on accounting for insurance contracts.  According to the FASB, the objective of such a project would be to:

develop a common, high-quality standard that would address recognition, measurement, presentation, and disclosure requirements for insurance contacts. The project would provide accounting and reporting guidance for both the issuer and the holder of an insurance contract.

Comments on the proposed project are due November 16, 2007. A copy of the exposure draft is available, here.

Advertisements

Filed under: REAL WORLD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: