Author : Institute of Actuaries (Great Britain). Students' Society
Publisher :
Page : 63 pages
File Size : 37,31 MB
Release : 1916
Category : Life insurance
ISBN :
Author : Institute of Actuaries (Great Britain)
Publisher :
Page : pages
File Size : 33,94 MB
Release : 1916
Category :
ISBN :
Author : Jay E. Fishman
Publisher : John Wiley & Sons
Page : 496 pages
File Size : 37,52 MB
Release : 2013-04-12
Category : Business & Economics
ISBN : 1118238915
Expert direction on interpretation and application of standards of value Written by Jay Fishman, Shannon Pratt, and William Morrison—three renowned valuation practitioners—Standards of Value, Second Edition discusses the interaction between valuation theory and its judicial and regulatory application. This insightful book addresses standards of value (SOV) as applied in four distinct contexts: estate and gift taxation; shareholder dissent and oppression; divorce; and financial reporting. Here, you will discover some of the intricacies of performing services in these venues. Features new case law in topics including personal good will and estate and gift tax, and updated to cover the new standards issued since the first edition Includes an updated compendium discussing the standards of value by state, new case law covering divorce, personal goodwill, and estate and gift tax, and coverage of newly issues financial standards Shows how the Standard of Value sets the appraisal process in motion and includes the combination of a review of court cases with the valuator's perspective Addresses the codification of GAAP and updates SOV in individual states Get Standards of Value, Second Edition and discover the underlying intricacies involved in determining "value."
Author : Mario V. Wüthrich
Publisher : Springer Science & Business Media
Page : 438 pages
File Size : 13,13 MB
Release : 2013-04-04
Category : Mathematics
ISBN : 3642313922
Risk management for financial institutions is one of the key topics the financial industry has to deal with. The present volume is a mathematically rigorous text on solvency modeling. Currently, there are many new developments in this area in the financial and insurance industry (Basel III and Solvency II), but none of these developments provides a fully consistent and comprehensive framework for the analysis of solvency questions. Merz and Wüthrich combine ideas from financial mathematics (no-arbitrage theory, equivalent martingale measure), actuarial sciences (insurance claims modeling, cash flow valuation) and economic theory (risk aversion, probability distortion) to provide a fully consistent framework. Within this framework they then study solvency questions in incomplete markets, analyze hedging risks, and study asset-and-liability management questions, as well as issues like the limited liability options, dividend to shareholder questions, the role of re-insurance, etc. This work embeds the solvency discussion (and long-term liabilities) into a scientific framework and is intended for researchers as well as practitioners in the financial and actuarial industry, especially those in charge of internal risk management systems. Readers should have a good background in probability theory and statistics, and should be familiar with popular distributions, stochastic processes, martingales, etc.
Author : Bernard Pump
Publisher : Wiley
Page : 0 pages
File Size : 14,3 MB
Release : 2016-08-15
Category : Business & Economics
ISBN : 9781118184127
An essential guide to valuing liabilities under the current fair value accounting standards The valuation rules and techniques under current accounting guidance are very complex and not well understood by most practitioners. Fair Value of Liabilities is a timely guide to valuing liabilities under the current fair value accounting standards. This practical and reliable resource fills a void that currently exists between the academic literature on the valuation of debt and liabilities and the current accounting rules for the fair value of liabilities, including fair value measurement, methodologies, debt, contingent liabilities, disclosures. Fills the vacuum of guidance on fair value of liabilities under the current standards and guidance of FASB and AICPA Bridges the gap that exists between the academic literature on the valuation of debt and liabilities and current accounting rules for the fair value of liabilities Designed for accounting practitioners in public and private practice, auditors, valuation professionals, lawyers and law firms that work with financial statements, analysts and the investing public, and business schools New accounting rules have been promulgated recently and those rules have evolved quickly over the past several years. Fair Value of Liabilities demystifies a complex area in need of clarification.
Author : Michael J. Mard
Publisher : John Wiley & Sons
Page : 194 pages
File Size : 22,67 MB
Release : 2002-11-22
Category : Business & Economics
ISBN : 0471444316
Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis provides guidance and insight in the identification and measurement of intangible assets and goodwill pursuant to the Financial Accounting Standards Board Statements of Financial Accounting Standards (SFAS) No. 141, Business Combinations and (SFAS) No. 142 Goodwill and Other Intangible Assets. The new rules are sweeping and complex. Valuation for Financial Reporting will bring clarity to CFOs, auditors, valuation professionals, and CPAs by explaining the valuation aspects of the new financial reporting requirements, including how to identify the characteristics of goodwill and intangible assets, determine if impairment has occurred, and employ specific methods to assess the financial impact of such impairment. While numerous articles and commentaries on the subject have appeared dating back to the time the FASB began considering the issue, Valuation for Financial Reporting is the first to provide "real world" examples of the valuation techniques and methodologies required to perform a purchase price allocation under SFAS No. 141 and an impairment study under SFAS No. 142. Valuation for Financial Reporting will help lift the veil of mystery surrounding these two important pronouncements and provide a practical guide for their implementation. This book: * Shows the CPA and client how to apply the new SFAS 141 rules that pertain to all companies involved in an acquisition (buyer or seller) by analyzing and valuing the tangible and intangible assets acquired. * Teaches the CPA and client how to apply the new SFAS 142 rules that pertain to all companies that recognize and measure intangible assets and goodwill which may now be impaired * Presents detailed case studies and examples on how to apply and implement SFAS 141 and SFAS 142 * Provides a "How To" on the identification and measurement of intangible assets. * Includes a checklist for controlling the gathering of data necessary for the analyses and another checklist guiding the work program for methodologies * Offers guidance and examples for financial reporting purposes.
Author : John A. Trenor
Publisher :
Page : 503 pages
File Size : 39,17 MB
Release : 2020
Category : Damages
ISBN : 9781838622121
Author : Barth H. Goldberg
Publisher :
Page : 1050 pages
File Size : 18,64 MB
Release : 2005
Category : Divorce
ISBN :
Author : Mario V. Wüthrich
Publisher : Springer
Page : 145 pages
File Size : 26,36 MB
Release : 2016-10-22
Category : Business & Economics
ISBN : 3319466364
This is the third edition of this well-received textbook, presenting powerful methods for measuring insurance liabilities and assets in a consistent way, with detailed mathematical frameworks that lead to market-consistent values for liabilities. Topics covered are stochastic discounting with deflators, valuation portfolio in life and non-life insurance, probability distortions, asset and liability management, financial risks, insurance technical risks, and solvency. Including updates on recent developments and regulatory changes under Solvency II, this new edition of Market-Consistent Actuarial Valuation also elaborates on different risk measures, providing a revised definition of solvency based on industry practice, and presents an adapted valuation framework which takes a dynamic view of non-life insurance reserving risk.
Author : Gary R. Trugman
Publisher : John Wiley & Sons
Page : 266 pages
File Size : 38,10 MB
Release : 2018-08-13
Category : Business & Economics
ISBN : 194549896X
This is the workbook to be used in conjunction with Understanding Business Valuation, Fifth Edition, covering various valuation approaches, methods, and techniques. This fifth edition simplifies a technical and complex area of practice with real-world experience and examples.
