Reinsurance is a financial transaction by which risk is transferred (ceded) from an insurance company (cedant) to a reinsurance company (reinsurer) in exchange of a payment (reinsurance premium). After discussing WHY entities enter such transactions, this CPE-eligible, eLearning course (1.0 CPE) provides examples of the various types and forms of reinsurance entered into by insurance companies. However, the accounting for reinsurance contracts under U.S. GAAP depends on whether risk is properly transferred from the cedant to the reinsurer, so we spend a fair amount of time on risk transfer, including providing you with a list of ”red flags" that may call into question whether risk has indeed transferred. This online course concludes with walking through the accounting for ceded and assumed reinsurance transactions, including those transactions that fail the risk transfer analysis. Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/161/insurance-industry-fundamentals-reinsurance-contracts Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online …
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Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy This video will be your ultimate guide on the differences But more importantly, I am gonna focus on how you can make high 6 figures with either of these 2 professions So here is our agenda: we'll take a look at the Job responsibilities of both the bookkeeper and the accountant We'll talk about the education requirements And then, I'll tell you How you can earn high 6 figures regardless of whether you chose to be a bookkeeper or an Accountant Time Stamps: 00:00 Intro 00:27 Agenda 00:46 1. Job Responsibilities 02:23 2. Education Requirements 04:07 3. How Accountants Make $100K plus 06:37 4. How Bookkeepers Make $100K plus ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice