2017 - NASBA Registry€¦ · Review the nature and structure of P&C federal income taxation and apply the specialized insurance knowledge necessary to complete or review the Form

Insurance Accounting & ReportingContinuing Professional Education

2017

Serving the insurance industry since 1968.

2

Contents

P&C Seminar Schedule................................................................................................................................................4-5

P&C Seminar Descriptions........................................................................................................................................6-9

Life Seminar Schedule.............................................................................................................................................10-11

Life Seminar Descriptions....................................................................................................................................12-14

Webinars and On Demand Self-Study Courses.............................................................................................15

Health Seminar Schedule..............................................................................................................................................16

Health Seminar Descriptions...............................................................................................................................16-17

Corporate Training and Handbooks......................................................................................................................18

Annual Statement and Income Tax Software....................................................................................................19

336.728.2929 www.bookeseminars.com

Booke 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.nasbaregistry.org

Per the California Board of Accountancy Regulations, our courses follow the provider requirements for continuing education as outlined in sections 99.1 and 88.2.

We are also registered sponsors of CPE programs with the state boards of New Jersey and New York.

Booke is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the board as to the quality of our CPE program.

CPE Information

3

$300 per person Group DiscountHave multiple people from your company wanting to attend the same seminar? The first 2 pay full price; additional individuals registering for the same seminar date/location receive $300 off. Call our office at 336.728.2929 for instructions to register three or more attendees. This offer is not valid for Update on Accounting and Financial Reporting seminars.

Save $500 on combination seminarsBooke’s combination seminars are designed and scheduled to compliment each other. Many of these combos start with an overview or introduction, and end with a more detailed exploration of a subject. To receive the discount, select a combo when registering. The total price will reflect the $500 savings.

Get FIT (our Federal Income Tax and Provision Software) for FREE Receive FIT for free for a year by sending a participant to a Federal Income Taxation seminar. This offer is available to companies not currently using FIT. After attending the seminar, the participant will receive an email that includes further instructions and a link to receive “FIT for Free”.

TCP users receive discounts on CPE Current Booke software clients will receive $100 off public seminars and 50% off the annual Blanks & Instructions Changes webinar. Certain seminars are excluded from this offer, see our website for full details.

Discounts must be applied at the time of registration. Please verify the total is correct before completing the transaction. Discounts not taken at registration will not be refunded.


Special Offers for Seminars

Learn from the experts in insurance accounting and reporting education — serving the industry since 1968.

4 Read more and register at www.bookeseminars.com

Property &

Casualty P

ublic Seminar Schedule

Seminarnew York

orlando Charlotte ChiCago ChiCago

Accounting & Financial ReportingJune

27-29

Annual StatementJune

26-29

Derivative Accounting & Reporting June13-14

Federal Income Taxation for P&C Companies

June 14-16*

July 26-28*

Financial Analysis May24-25*

July 26-27*

Financial Planning & Analysis for P&C Companies

July 25-26

Financial Reporting for Non-Financial Managers

International Financial Reporting Standards

June20-21

Investment Accounting & Reporting May24-25*

June 14-15*

Loss Reserve Analysis

Overview of Statutory Financial Reporting

May 23* June 13* July 25*

Reinsurance 1: The FundamentalsJune

26-27*

Reinsurance 2: Beyond the Fundamentals

June 28-29*

Schedule P Preparation

Statutory Accounting Principles June 14-15*

Update on Accounting & Financial Reporting See page 9 for the Update schedule

* Seminar combination is available - save $500 - see our website for more information.

2017 Property & Casualty Public Seminar Schedule

5Read more and register at www.bookeseminars.com

Property &

Casualty P

ublic Seminar Schedule

ChiCago PhiladelPhianew

orleanS

laS VegaS

orlandoSan

diegohonolulu

winSton Salem

Aug. 29-31

Sept.19-21

Oct.23-25

Nov.14-16

Dec.11-13

Aug. 28-31

Sept.26-29

Nov. 28-Dec. 1

Dec.11-14

Oct.26-27

Oct.25-27*

Dec.13-15*

Sept. 21-22*

Dec.13-14*

Nov. 30-Dec. 1

Sept.27-28

Nov.16-17

Sept.21-22*

Oct.25-26*

Sept.28-29*

Nov.16-17*

Sept. 20* Oct. 24* Dec. 5 Dec. 12*

Aug. 28-29*

Nov.28-29*

Aug. 30-31*

Nov. 30-Dec. 1*

Sept.26-27*

Nov.14-15*

Sept.21-22*

Oct.25-26*

See page 9 for the Update schedule

2017 Property & Casualty Public Seminar Schedule



Annual StatementLearn about the fundamentals of the P&C industry and Statutory accounting concepts, as well as how to prepare the Annual Statement. Virtually all pages, exhibits, and schedules are addressed. Class participation and discussion will focus on a completed P&C Annual Statement. Tuition includes web access to the current P&C Annual Statement Handbook, a $600 value.

Tuition: $2,345 (add $100 for printed course materials) CPE: 28

Accounting and Financial ReportingReceive a thorough orientation to Statutory and U.S. GAAP accounting concepts for P&C companies. Additionally, the class provides a survey of the Statutory Annual Statement and U.S. GAAP financial statements with a brief introduction to federal income taxation for P&C companies.


Derivative Accounting and ReportingDerivatives are complex financial instruments used by many insurance companies to manage their exposure to various types of risks. The course will explore, through class examples, the nuances that arise from variations in Statutory, U. S. GAAP, and IFRS accounting treatment for derivatives.


Federal Income Taxation for P&C CompaniesReview the nature and structure of P&C federal income taxation and apply the specialized insurance knowledge necessary to complete or review the Form 1120-PC. You will complete a case study to provide hands-on preparation of a return and learn the Statutory reporting and disclosure guidance in SSAP 101 Income Taxes.


Property &

Casualty P

ublic Seminars

Gain an understanding of key International Financial Reporting Standards (IFRS) for insurers, in-cluding accounting for financial instruments and the valuation methods used for invested assets, as well as the accounting and reporting for insurance and investment contract liabilities.




Property &

Casualty P

ublic Seminars:

Financial AnalysisLearn how Statutory Annual Statement information can be used to evaluate the financial condition and operating performance of a P&C insurance company. Significant ratios and other analytical tools commonly employed by analysts, rating agencies, and regulators will be illustrated and discussed using a case study company. Participants will be able to analyze selected ratio results for their companies during the seminar.


Financial Planning & Analysis for P&C CompaniesThis course introduces, defines, and discusses the financial planning and forecasting process. Participants will review a generic financial planning and forecasting model and learn basic concepts of planning and forecasting premiums, losses, and expenses based on an understanding of the key drivers of each. A template of the model will be provided.


Financial Reporting for Non-Financial Managers

With the growing focus on corporate governance, managers must understand the financial statements. Many operations managers, systems professionals, executives, service providers, other non-financial managers, and even board members want to improve their ability to read and understand P&C financial statements. This seminar has been especially designed for non-accountants who work in or with P&C insurance companies to familiarize them with important accounting concepts and improve their ability to discern and interpret the key reporting elements of the “Yellow Book”, the NAIC P&C Annual Statement. Factors that drive key performance ratios will also be discussed.

This course meets FMDC requirements for Finance and Accounting.


Acquire an understanding of investment accounting and financial reporting requirements for P&C and HMO/Health insurance companies. The primary focus will be on the Statutory reporting environment, but GAAP and federal income taxation rules for investments also will be addressed. Emphasis will be given to new accounting and reporting guidelines.


Investment Accounting and Reporting


Property &

Casualty P

ublic Seminars

Loss Reserve Analysis for Non-Actuaries

Develop an understanding of the techniques used in estimating ultimate loss costs and in evaluating reserve adequacy. You will also hear a casualty actuary discuss methods used in determining and evaluating reserves from an actuarial perspective. Examples and case studies will be used.



Learn about P&C insurance and key accounting concepts used in the industry. You will also learn about industry lines of business and terminology, the structure of the NAIC Annual Statement, and the reporting of premiums, losses, and expenses. This seminar will conclude with a review of the Statutory balance sheet and income statement.


Learn the five functions of P&C reinsurance and examine the five traditional forms of P&C reinsurance: Quota Share, Surplus Share, Excess of Loss, Catastrophe, and Stop Loss. We will address their characteristics, functions, advantages and disadvantages.

The financial impact of reinsurance will be illustrated through case study examples that review reinsurance accounting. The course concludes with a review of the Statutory reinsurance balance sheet accounts, their relationship to Schedule F – Parts 1 and 3 and a detailed look at the calculation of the provision for reinsurance.


Reinsurance 1: The Fundamentals

Learn about the more complex reinsurance contract features and accounting issues. Included is a discussion of the interrelationships of multiple reinsurance agreements, a look at specific contract features, an examination of certain reinsurance contract provisions, and a discussion of reinsurance accounting and reporting requirements.


Reinsurance 2: Beyond the Fundamentals


Property &

Casualty P

ublic Seminars

Schedule P PreparationAcquire an understanding of the contents, uses and analytical value, of Schedule P of the Annual Statement, and of the techniques used in the preparation of each of its seven parts. This seminar is specifically targeted to those who will be preparing Schedule P, and also to those who desire a comprehensive understanding of the relationships within Schedule P to facilitate review and to provide a basis for analysis. Examples and extensive case studies will be used.


Broaden your existing knowledge of Statutory accounting theory found in the NAIC Accounting Practices and Procedures Manual (AP&P Manual). Examination of Statements of Statutory Accounting Principles (SSAPs) will include key accounting concepts, significant interpretations, disclosure requirements, and other reporting considerations. A completed Annual Statement will be used to illustrate application of these discussion points.


Statutory Accounting Principles

Update on Accounting and Financial ReportingIn this one-day update seminar, you will learn about all accounting and financial reporting changes for 2017 and beyond. Teaching sessions will help you implement changes to the Annual Statement blank, including illustrations from a completed model company Annual Statement.

Tuition: $945 (add $100 for printed course materials) CPE: 7

Date City Location

Sept. 19 Philadelphia, PA Sheraton Philadelphia Downtown

Oct. 6 Winston-Salem, NC Winston-Salem Marriott

Oct. 23 Los Angeles, CA Hilton Los Angeles Airport

Nov. 10 Columbus Renaissance Columbus Downtown

Nov. 14 Boston Sheraton Boston Hotel

Nov. 15 Chicago Four Points Chicago O’Hare

Nov. 15 Orlando Villas of Grand Cypress

Nov. 29 * San Diego Manchester Grand Hyatt San Diego

Dec. 5 Honolulu Bishop Place

* The Booke software Users Group Conference is scheduled on Nov. 30.

If you cannot make any of these dates, we will also be covering the same material as a live webinar over two half-day sessions. The dates/times have yet to be determined. To receive notifications of upcoming dates as well as our other offerings, go to our home page and click on “Join our email List”.


Life Public Sem

inar Schedule

Seminar new York orlando Charlotte

Accounting & Financial Reporting May 24-26

June 13-15

Actuarial Concepts for Non-actuaries

Life Annual Statement

Derivative Accounting & Reporting June 13-14*

Life Federal Income Taxation

International Financial Reporting Standards June 20-21

Investment Accounting & Reporting June 15-16*

June21-22


Reinsurance for Life Insurance Companies June22-23

Statutory Accounting Principles June 14-15

Statutory Financial ConceptsJune

20-21

Update on Accounting & Financial Reporting for Life, Fraternal, & Health Insurance


2017 Life Public Seminar Schedule



Life Public Sem

inar Schedule

2017 Life Public Seminar Schedule

ChiCago ChiCago PhiladelPhia laS VegaS San diegowinSton

Salem

Aug. 28-30

Oct. 24-26

June27-28

Aug. 30-31

Nov. 30-Dec. 1

June 26-29

Nov. 28-Dec. 1

Dec. 12-15

Oct. 26-27*

June 26-28

Nov. 29-Dec. 1

Dec. 12-14

Oct. 24-25*

Sept. 20*

Aug. 30-31

Oct. 26-27

Sept. 21-22*

Oct. 25-26

Aug. 28-29

Sept. 20-21




Life Public Sem

inars

Gain an understanding of the actuarial impact on the U.S. GAAP and Statutory financial statements. The emphasis is on obtaining a simple, conceptual understanding rather than on detailed calculations.


Accounting and Financial Reporting for Life Insurance Companies

Actuarial Concepts for Non-Actuaries

Receive a thorough orientation to life insurance fundamentals and the framework of both Statutory and GAAP accounting for life insurance companies. More experienced participants will receive a concise refresher on these concepts.


Annual Statement

Derivative Accounting and Reporting

Gain a comprehensive understanding of life insurance fundamentals, Statutory accounting concepts, and the purposes and contents of the Life and Accident & Health Annual Statement (Blue Book). This three-and-a-half day seminar addresses virtually every page, exhibit, and schedule in the Blue Book.

Class discussion will center on a comprehensive textbook and a completed life insurance company annual statement. Tuition includes web access to the current Life Company Annual Statement Handbook, a $600 value.


Derivatives are complex financial instruments used by many insurance companies to manage their exposure to various types of risks.

The course will explore, through class examples, the nuances that arise from variations in Statutory, U. S. GAAP, and IFRS accounting treatment for derivatives.



Life Public Sem

inars

Federal Income Taxation

Develop an understanding of the theory and structure of life insurance company Federal income taxation, acquire the knowledge and skills needed to complete or review Form 1120-L — U.S. Life Insurance Company Income Tax Return, and learn how Federal income taxation affects Statutory and U.S. GAAP financial statement reporting and disclosure.


Investment Accounting and Reporting

You will acquire a fundamental understanding of the nature and types of invested assets used by life insurance companies. Invested assets are the dominant asset for Statutory purposes; as a result, this course will review the Statutory Annual Statement investment schedules, exhibits and worksheets.

The seminar materials also explore the presentation and disclosure of invested assets in the U.S. GAAP financial statement and footnotes. We will utilize class exercises to enhance participant’s understanding of key elements of the accounting and reporting for invested assets.



Get an introduction to the NAIC Life Annual Statement and key Statutory accounting concepts applicable to the life insurance industry. Course materials specifically explore the financial data interrelationships between the Statutory balance sheet, operating statements, exhibits, notes, and general interrogatories.



Gain an understanding of key International Financial Reporting Standards (IFRS) for insurers, including accounting for financial assets and the valuation methods used for invested assets, as well as the accounting and reporting for insurance and investment contract liabilities.



Life Public Sem

inars

Statutory Accounting Principles

Broaden your existing knowledge of Statutory accounting theory found in the NAIC Accounting Practices and Procedures Manual (AP&P Manual). This survey of Statements of Statutory Accounting Principles (SSAPs) will include key accounting concepts, significant interpretations, disclosure requirements, and other reporting considerations. A completed Annual Statement will be used to illustrate application of these discussion points.

Tuition: $1, 595 (add $100 for printed course materials) CPE: 14

Statutory Financial Concepts for Life Insurance

Gain an understanding of the purposes, contents, and interrelationships of the many pages, exhibits, and schedules in the Life and Accident & Health Annual Statement (Blue Book). This seminar is ideal for those seeking to learn what information is available in the Annual Statement and how the various parts interrelate.


Update on Accounting and Financial Reporting for Life, Fraternal, and Health Insurance

In this one-day update seminar, we will review the adopted accounting and financial reporting changes impacting Life and Fraternal insurers for 2017 and 2018. Our presentation will identify the changes to the Annual Statement Blanks and Instructions, including illustrations from completed model company Annual Statements.


Date City Location





Reinsurance for Life Insurance Companies

Learn about risk transfer, the forms of reinsurance used by life insurance companies, and the U.S. GAAP and Statutory accounting and financial reporting requirements for reinsurance transactions.


336.728.2929 www.bookeseminars.com 15

Webinars and O

n Dem

and Self-Study Courses

Webinars

On Demand Self-Study Courses

Webinars are internet-based sessions lasting from 1 to 3 hours. Each webinar is presented live by our instructors and range from introductory concepts to hot topics to updates.

Upon completion of the webinar, registered participants earn CPE hours. Multiple attendees receive a $20 discount when registering together.

We generally schedule webinars a few weeks in advance, post them on our website, and send an email notification of the upcoming schedule. If you would like to receive notification of upcoming webinars, visit www.bookeseminars.com to join our email list.

For 24/7 access to Booke training, we have on demand self-study courses available for Property and Casualty, Life, Health, and General Insurance accounting and reporting top-ics.

With a Booke self-study, you set up a personal learning account that tracks your courses and CPE. Plus, your CPE certificates are saved and may be printed at any time.

Before launching the course, you can download slides and other attachments. While in the course, you also stop and return to the same section you left off, get immediate feedback on review questions, and receive your grade instantly after completing the final exam. After passing the final, you will be able to download a printable CPE certificate within minutes.


Health P

ublic Seminars

Seminar New York Orlando PhiladelPhia

laS VegaS

Health Annual Statement May 23-26

June 13-16

Sept. 19-22

Derivative Accounting and Reporting June13-14

Oct. 26-27

Investment Accounting and Reporting May 24-25

June14-15 Sept. 21-22 Oct.

25-26*

Overview of Statutory Financial Reporting Oct. 24*

Statutory Accounting Principles June14-15 Sept. 21-22 Oct.

25-26*

Update on Accounting & Financial Reporting for Life, Fraternal, & Health Insurance

See the next page for the Update schedule

Health Annual Statement

Gain a comprehensive understanding of HMO/Health insurance industry fundamentals, Statutory accounting concepts, and the purposes and contents of the Health Annual Statement (Orange Book). This three-and-a half day seminar addresses virtually every page, exhibit and schedule in the Orange Book. Class discussion will center on a comprehensive textbook and a completed Health Annual Statement. Tuition includes web access to the current Health Annual Statement Handbook, a $600 value.


* Seminar combination is available - save $500 - see website for more information.

2017 Health Public Seminar Schedule

Derivative Accounting and ReportingDerivatives are complex financial instruments used by many insurance companies to manage their exposure to various types of risks. The course will explore, through class examples, the nuances that arise from variations in Statutory, U.S. GAAP, and IFRS accounting treatment for derivatives.



Health P

ublic Seminars

This course introduces you to the NAIC Annual Statement and key Statutory accounting concepts used in the HMO and Health insurance industry. Course materials specifically explore the financial data interrelationships between the Statutory balance sheet, operating statements, exhibits, notes, and general interrogatories. This seminar also provides a discussion of the purpose, components, and impact of the Health Risk-Based Capital formula.



Statutory Accounting PrinciplesBroaden your existing knowledge of Statutory accounting theory found in the NAIC Accounting Practices and Procedures Manual. (AP&P Manual). This survey of Statements of Statutory Account-ing Principles (SSAPs) will include key accounting concepts, significant interpretations, disclosure requirements, and other reporting considerations. A completed Annual Statement will be used to illustrate application of these discussion points.


Update on Accounting and Financial Reporting for Life, Fraternal, and Health Insurance

In this one-day update seminar, we will review the accounting and financial reporting changes impacting HMOs and Health insurers for 2017 and 2018. Our presentation will address changes to the NAIC Health Annual Statement Blank and Instructions, including illustrations from a completed model company Annual Statement.


Date City Location





Investment Accounting and ReportingAcquire an understanding of investment accounting and financial reporting requirements for P&C and HMO and Health insurance companies. The primary focus will be on the Statutory reporting environment, but U.S. GAAP and Federal income taxation rules for investments also will be ad-dressed. Emphasis will be given to new accounting and reporting guidelines.


336.728.2929 www.bookeseminars.com18

Corporate Training

Corporate Training and H

andbooks

We can do what works best for your organization.

Sending a number of employees to seminars may not be practical or cost-effective. With Booke, you have a choice of delivery methods and schedule that best fits your staff training needs.

• On site training by our instructor at your location• Online web-based live training for your staff using interactive tools that engage• On Demand Company Subscription Plans for our self-study courses

On site Training

Choose from any of our off-the-shelf courses or tailor an agenda to your group’s needs. We also will use your company’s financials for illustration.

We work with your schedule and can offer the most flexibility if you schedule early.

On Demand Company Subscription Plans

Simplify your training program by providing our on demand self-study courses to your staff. Let us handle course content, sign ups, monitor completions, and track CPE. Plus, we give your company a quantity discount.

Pricing plans are based on the number of course enrollments. There is also an unlimited course enrollment plan available.

For more information and pricing, go to our website and click on the “Company Subscription Plans” link under Continuing Professional Education.

Handbooks

Booke’s Handbooks are the most comprehensive manuals for Annual Statement preparation, accounting guidance, and Statutory accounting theory in the insurance industry. Updated annually, these manuals save time understanding and preparing the Annual Statement and include the latest NAIC changes.

The handbooks are available in web access, printed hardcopy, or as a context-sensitive help file within TCP, our Annual Statement software.

An Income Tax Handbook is also available for detailed illustration and explanations for preparing the Federal Income Tax Return.

336.728.2929 www.bookeseminars.com 19

Annual Statem

ent and Federal Income Tax Softw

are

The Complete Package™ Annual Statement Software

Federal Income Tax Software

Increase productivity with minimal IT involvement.

• Crosschecks take minutes to run and don’t slow the program• No expensive hardware or additional servers required• Easy to learn, easy to use• Perform the same task on multiple companies at the same time

Pricing depends on how many companies you file. Generally, the more companies filed, the more cost effective TCP is.

Companies that switch to TCP will receive a 50% first-year discount PLUS: free web training, 50% off tuition for the NAIC Blanks & Instructions Changes webinar, and $100 off public seminars. See our website for full details and other special offers.

Try the software on us. Our free version includes everything you need to complete and file a Quarterly Statement. Order the free version and read more at our website.

Software speeds Statutory & Federal Income Tax preparation.

FIT automates: • Quarterly/Annual Current and Deferred provisions• Nonadmitted deferred tax asset calculation• Note 9 electronic and hardcopy disclosures• Tax return support and preparation including IRS approved forms

The Current and Deferred Provision and Disclosure component develops the current and deferred federal income tax for statement reporting, including Note 9, based on SSAP 101. This component is included in both the annual and quarterly versions.

The Stat-to-Tax work papers component extracts data from the Annual Statement and allows the preparer to make both tax adjustments and reclassifications for the 1120-L or 1120-PC returns. This component is included in the annual version.

Try FIT on us. To request a free trial version and to read more about FIT, see our website.

1100 Reynolds BoulevardWinston-SalemNorth Carolina 27105-3400

Insurance Accounting

and Reporting

Continuing Professional

Education

2017


Documents

2017 - NASBA Registry€¦ · Review the nature and structure of P&C federal income taxation and apply the specialized insurance knowledge necessary to complete or review the Form