Search results
Results From The WOW.Com Content Network
Generally, IFRS 4 permitted companies to continue previous accounting practices for insurance contracts, but did enhance the disclosure requirements. [3] IFRS 4 defines an insurance contract as a "contract under which one party (the insurer) accepts significant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specified uncertain future event ...
Social Security is not a pure PAYGO system, because it theoretically accumulates excess revenue in the Old-Age, Survivors, and Disability Insurance Trust Funds . In practice, however, excess revenue has previously been used for other government spending while the Trust Funds are simply accounting vehicles for money owed by the Treasury.
Generally Accepted Accounting Principles (GAAP) [a] is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), [1] and is the default accounting standard used by companies based in the United States.
They are used to prepare the statutory financial statements of insurance companies. Statutory Accounting Principles are designed to assist state insurance departments in the regulation of the solvency of insurance companies. [1] Although there are minor state-by-state variations, they are the basis for state regulation throughout the United States.
Poor monitoring and control, the fee-for-service payment system, insurance companies' limited role, insufficient monitoring of insurance companies, the educational nature of our health centers, health-care providers' interests, and the information gap that exists between patients and providers were all significant factors in the induced demand ...
Internal control procedures reduce process variation, leading to more predictable outcomes. Internal control is a key element of the Foreign Corrupt Practices Act (FCPA) of 1977 and the Sarbanes–Oxley Act of 2002, which required improvements in internal control in United States public corporations.
In commercial real estate, a tenant inducement (TI) is some sort of consideration given by a landlord in order to attract a new tenant or have an existing one renew their lease. Depending on the contents, the concept may be known as a concession or rent abatement, instead of inducement. There are several different forms of inducements.
Accounting for derivative instruments and hedging activities by not-for-profit health care organizations, and clarification of the performance indicator full-text: 2002 December 27 03-1: Accounting and reporting by insurance enterprises for certain nontraditional long-duration insurance contracts and for separate accounts full-text: 2003 July 7 ...