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 ...

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 ...

Insurance expenses are some of the most common expenses encountered in small business. In many cases, businesses are billed for a year or more of insurance coverage upfront. However, generally ...

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

The Financial Accounting Standards Board is postponing the effective date of its long-duration insurance accounting standard for a year and making it easier to adopt it early. Last month, the board ...

So, you're interested in accounting but aren’t sure if earning your bachelor’s degree in accounting is the right move for you. Or, maybe you’ve already started your career but want to elevate your ...

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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 ...