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Deferred Acquisition Costs (Paperback) Loot Price: R748
Discovery Miles 7 480
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Deferred Acquisition Costs (Paperback): Dismas Reinald Apostolis

Deferred Acquisition Costs (Paperback)

Dismas Reinald Apostolis

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Loot Price R748 Discovery Miles 7 480 | Repayment Terms: R68 pm x 12*

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Deferred Acquisition Costs is a term commonly used in the insurance business. It describes the practice of deferring the cost of acquiring a new customer over the duration of the insurance contract. Insurance companies face large upfront costs incurred in issuing new business, such as commissions to sales agents, underwriting, bonus interest and other acquisition expenses. DAC under U.S. GAAP, MSSB and IAS 39 are all very similar, except that IAS 39 only allows direct, incremental costs to be deferred rather than all acquisition costs. Insurance companies incur large expenses when acquiring new business, but to ensure that they comply with GAAP's matching principle they need to spread out these costs over the period in which revenues are earned.


Imprint: DIC Press
Country of origin: United States
Release date: August 2011
First published: August 2011
Editors: Dismas Reinald Apostolis
Dimensions: 229 x 152 x 4mm (L x W x T)
Format: Paperback - Trade
Pages: 60
ISBN-13: 978-6135829686
Categories: Books > Business & Economics > Economics > General
Books > Business & Economics > Business & management > General
LSN: 6135829688
Barcode: 9786135829686

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