|
|
 |
|
Viewing report
|
|
|
|
When It Comes To Insurance, No Accounting System Is Perfect Nov 09
Standard & Poors, Nov 2009
Abstract
Since the codification of the double-entry ledger system more than 500 years ago, accountants have been in search of the perfect accounting system for measuring the underlying economic position of a company. It is no secret to market participants that insurers' global financial reporting is severely lacking in consistency, not just between countries but also within countries and, in some cases, within consolidated groups. This inconsistency makes the search for a better, if not perfect, accounting system more urgent. (Listen to the related podcast titled, 'Accounting: When It Comes To Insurance, No Method Is Perfect,' dated Dec. 14, 2009.) Until recently, a consensus had seemingly emerged toward fair value as the favored mechanism to measure a company's economic position. Now,...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
