12 Days of SSAP – Equity Method Revisions

As the holidays approach, JLK Rosenberger is taking a new perspective on a holiday classic – the Twelve Days of Christmas. Rather than filling your head with turtle doves and gold rings, we are going to instead focus on the latest changes to SSAP and how they will impact your insurance company in 2018 and beyond.

On the second day of SSAP JLK Rosenberger told to me – Equity Method Revisions.

SSAP No. 30, 48 & 97 were revised to allow for changing to the equity method to be applied prospectively, as of the date the investment qualifies for equity method accounting.

The revisions eliminate the requirement to retroactively adjust the prior periods presented when a change in ownership or degree of influence qualifies for equity method accounting.