The purpose of this course is to develop a basic understanding of the accounting function for an insurance organization with specific emphasis on captive accounting, where applicable. Students will learn how actions of an insurance organization have an effect on the books. Both the GAAP and statutory basis of accounting will be discussed. Students will be given the opportunity to gain insight into insurance accounting by hands-on activities and collaboration with peers.

The goal of this course is to provide both technical and practical insight to those hoping to learn more about the accounting function of an insurance organization.

In this course, participants will learn:

Key terminology used in insurance accounting
The major cycles of an insurance organization
How the recent economic downturn will influence both an entity’s internal books and their next audit
Tips and insight on how to implement effective internal control
How recent accounting pronouncements impact the books of your insurance organization
How taxes effect an insurance entity

Next course begins in January 2010

Online Course

Instructors: Michael Burdick, Melissa Hancock

In addition to self-paced reading and assignment work, students will be required to attend three webconference sessions, participate in two pre-recorded lectures and complete two weeks of follow up assignments.

Registration Deadline: December 28, 2009

Webconference 1: Thursday, January 7th from 2:30-3:45 p.m. EST

Webconference 2: Thursday, January 14th from 2:30-3:45 p.m. EST

Webconference 3: Thursday, January 21th from 2:30-3:45 p.m. EST

Office Hour: Thursday, January 28th from 2:30-3:30 p.m. EST

For further details please contact at ICCIE at 802-651-9050.

To see when this course will be taught again go to the course schedule page

ICCIE

International Center for Captive Insurance Education

Accounting for Captives: Financial Reporting and Analysis

ELECTIVE COURSE