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ACTEX eLearning Webinar: Minding the GAAP, GAAP Accounting For Beginners: Part 2 - DAC [On-Demand]
Author: Wacker, McCoy
Availability: In-Stock
Publisher: ACTEX
Minding the GAAP, GAAP Accounting For Beginners: Part 2 - DAC [1-2 participants & 1 connection] [On-Demand] - $69.00
Minding the GAAP, GAAP Accounting For Beginners: Part 2 - DAC [3-9 participants & 1 connection] [On-Demand] - $199.00
Minding the GAAP, GAAP Accounting For Beginners: Part 2 - DAC [10+ participants & 1 connection] [On-Demand] - $289.00
Minding the GAAP, GAAP Accounting For Beginners: Part 2 - DAC [10+ participants & Multi-connection] [On-Demand] - $499.00

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ACTEXeLearning Presents:

Minding the GAAP, GAAP Accounting For Beginners:
Part 2 - DAC

1.8 SOA/EA CPD, CAS CE Credits/Training Hours

 

Have you ever heard a lot of chatter about DAC and wanted to understand its mechanics in more detail?  Are you currently in a role that requires GAAP accounting knowledge but don't have a good handle on DAC?  

This webinar is the second in a series of webinars that explores the GAAP Accounting Framework for "beginners".  This webinar is an overview of DAC as it pertains to Life and/or Annuity companies.  Attendees will be able to feel conversant about DAC, it's purpose, it's calculation, and it's context in financial statements. 

Specific topics covered include:

  • Deferred Acquisition Cost Examples
  • Calculations by product type and accounting classification
  • Retrospective and Prospective Calculations (Everyone loves k-factors!)
  • True up and Unlocking
  • Recoverability and Loss Recognition Testing
  • Shadow DAC
  • Common drivers of DAC Volatility

Webinar attendees will walk away with some basic numerical examples of DAC amortization, true up/unlocking, loss recognition testing, etc. There will also be a short e-course available for purchase in addition to this webinar for any attendees that want to walk through the webinar topics in a very granular manner.


Who should attend?

  • FSAs/ASAs/students with minimal experience in a GAAP context that are interested in learning more about DAC
  • Accountants that would like to learn more about DAC
  • Actuaries in non-GAAP countries seeking an understanding of GAAP to be more conversant with international colleagues and clients

 

Instructor Ben Wacker, FSA, MAAA is Chief Actuary at Northstar Financial Ltd. and Co-Founder of ACE Manuals.  He has worked in GAAP valuation and pricing roles at three different companies that have sold LTC, traditional, UL, fixed and variable annuities, and fixed indexed annuities.  He has also taught GAAP accounting, along with Jacob McCoy, over the past decade for the SOA’s ILA CSP / LFV exams.

Instructor Jacob McCoy, FSA, MAAA is Co-Founder of ACE Manuals.  He has worked in insurance pricing roles in both individual and group insurance.  He has also taught GAAP accounting, over the past decade for the SOA’s ILA CSP / LFV exams.

 

Pricing:
The registration fee includes 180-day unlimited on-demand access to this event and the handouts.
All prices are in USD.

Please Note:  Participants must agree to the ACTEXeLearning.com Site Policy in order to access this webinar.

What is the difference between 10+ participants & 1-connection and 10+ participants & Multi-connection?

'Connection' refers to how many participants will access our Webinar by signing-in at ACTEXeLearning.com.

Customers who have purchased a 1-connection option will have the purchaser sign-in and share the video on their monitor (or via video-conference, Skype or other video sharing format) with up to the number of participants purchased for. Username and password information is not to be shared with the other participants. 

Customers who have purchased our Multi-connection option will be sent login information and an access key. Each participant will then be able to login on their own computer, with their own username & password, at their own convenience.

Note:  

  • Access information is sent to the email address listed under Shipping Information on your order.
  • If you have 8+ participants needing their own access you should select our Multi-connection option for the best value.
  • All registrations include 180-day unlimited on-demand access to the Webinar and the handouts.

Discount for Full-Time Students:
Students with current enrollment as a full-time student at any college/university are eligible for a 50% discount off ACTEX Webinar 1-2 participant options. In order to access this discount, please email proof of enrollment using your college/university e-mail address to Support@ActexMadRiver.com. Examples of enrollment proof would be a copy of your registration information, or an unofficial transcript.

Discount for Active Military Personnel:
Active U.S. Military personnel are eligible for a 50% discount off ACTEX Webinar 1-2 participant options. In order to access this discount, please email us at Support@ActexMadRiver.com from your military email address.

Discount for Educators:
Faculty members of any accredited higher-education institution are eligible for a 50% discount off ACTEX Webinars. In order to access this discount, please contact us via email at Support@ActexMadRiver.com using your college/university e-mail address.

Discount for Regulatory Actuaries:
Regulatory Actuaries (Regulators) are eligible for a 30% discount off ACTEX Webinars. In order to access this discount, please contact us via email at Support@ActexMadRiver.com using your government e-mail address.