Economics, Econometrics and Finance
8 years ago

New methods for fair-value life insurance could impact accounting practices.

1 view
New York University Salomon Center series on financial markets and institutions
Comparison of methods for fair-value life insurance liabilities
Arnold A. Dicke

Paper Summary

The article compares different methods for determining fair values of life insurance liabilities, focusing on accounting principles in the USA. The term 'fair value' is used instead of 'market value' to reflect analytical estimates rather than actual market transactions. The Financial Accounting Standards Board (FASB) emphasizes that market value can only be the price at which a buyer and seller agree on a transaction. Fair value is the term used for estimated market values.

Related papers

Economics, Econometrics and Finance
8 years ago

New methods for fair-value life insurance could impact accounting practices.

Insurance Dynamics
2 views
Theme background image
Agricultural and Biological Sciences
3 years ago

Russian Accounting to Adopt Fair Value Standard for Asset Valuation.

Agricultural Education
Digital Transformation
Business, Management and Accounting
4 years ago

Fair value accounting blamed for worsening financial crisis impact.

Earnings Management
Accounting Theory
Risk Management
1 view