This webinar will provide the specifics of the new rules, including additional disclosures now required with SSAP 101.
Statement of Statutory Accounting Principles (SSAP) No. 101, Income Taxes, a Replacement of SSAP No. 10R and SSAP No. 10, provides new rules for the statutory accounting of income taxes by insurance companies. The guidance will require significant compliance effort, even by companies that currently report income taxes under Financial Accounting Statement (FAS) No. 109, Accounting for Income Taxes. Companies need to evaluate the impact of SSAP No. 101, including new information or data that may be required to implement it, annual statement presentations and disclosures, and the integration of the changes required by codification with existing SAP, GAAP, and tax processes.
Webinar Topics and Takeaways
- SSAP No. 101 - Are the changes really over?
- Key changes with SSAP No. 101
- Compliance guidelines
- Annual statement presentations and disclosures guidelines
- Common issues
- Other reporting considerations
||Margarete Chalker, CPA, MST, Tax Associate|
||Doug Youngren, CPA, JD, Tax Partner|
Bailey Maenner, CPA, Tax Manager