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Erschienen in:
2011 | OriginalPaper | Buchkapitel
Accounting Principles
verfasst von : Michael Koller
Erschienen in: Life Insurance Risk Management Essentials
Verlag: Springer Berlin Heidelberg
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In this rather short chapter we want to have a deeper look at the different accounting principles which are normally used. As seen above, technically speaking an accounting principle on a balance sheet (
x
) is a function which allocates to each asset and liability its value. Since there are different possibilities, it is not always easy to see the main differences between the different accounting standards. We want to have a look at the following accounting standards:
Statutory accounting,
IFRS and US GAAP accounting,
Embedded value accounting,
Economic balance sheet accounting.