Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

The NAIC’s Statutory Accounting Principles (E) Working Group adopted three interpretations related to COVID-19 last week. The statutory accounting exceptions allows insurance reporting entities to ...

If you're looking for ways to expand your revenue streams, you may be considering offering statutory agent services. What do statutory agents (also known as "registered agents") do and what’s required ...

I have been discussing the accounting issues in the electric rate setting process of the Energy Regulatory Commission (ERC) in the past weeks. I continue this discussion in this continuation of my ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Amy is an ACA and the CEO and founder of OnPoint Learning, a financial training ...

Unrealized gains occur in the investment world when your investment gains in value but you don't cash it in. While you may not get to see the immediate profit from your investment, you do need to ...

The market dynamics, corporate strategies, and operational structures are evolving every day, and so is the role of outsourcing finance functions in determining and directing a company’s strategic ...

Principles of accounting and auditing existed and have been observed for many years now, most especially in the more developed countries. The Philippines has gone a long way in this area and is ...