6 CPE credits are available for the successful completion of this course
Course cost for non-designation students and ACI Graduates – $900
The purpose of this course is to develop an 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 students who already have an accounting background technical and practical insight into the accounting function of an insurance organization. This is not an introductory level course. It is recommended that students have a solid understanding of accounting principles and concepts before taking this course.
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
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 one week of follow up assignments.
Webconference one: , 12:00 – 1:15 pm ET
Webconference two: , 12:00 – 1:15 pm ET
Webconference three: , 12:00 – 1:15 pm ET
Office Hour: , 12:00 – 1:00 pm ET
This course will be offered again in Spring 2024
For further details please contact at ICCIE at 802-651-9050.
International Center for Captive Insurance Education (ICCIE) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.