Short-Duration Contract Disclosures for Insurance Companies

Accounting Standards Update 2015-09, "Disclosures About Short-Duration Contracts," was issued on May 21, 2015, and makes significant changes to the footnote disclosures of insurance companies. This webinar recording covers the new footnote disclosures. Public companies were required to adopt this guidance for annual periods beginning after Dec. 15, 2015 (fiscal year 2016). All nonpublic companies are required to adopt this guidance for annual periods beginning after Dec. 15, 2016 (FY17).