Financial Statements

Level: Intermediate

Why you need this course: After completing this course, you’ll be able to understand and analyze the data contained in insurer financial statements.

Upon successful completion of this course, you should be able to:

• Explain the purpose of financial statements
• Identify who uses insurer financial statements
• Describe what is listed on a balance sheet
• Define what an income statement is used to measure
• Explain what the statement of changes in owners’ equity outlines
• Describe how to use the statement of cash flows to determine an organization’s overall financial condition
• Define the relationships among financial statements
• Identify what the NAIC annual statement contains and why that information is important
• List types of entities that require consolidated financial statements and why

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Financial Statement Topics Include:

• Purpose of financial statements
• Users of insurer financial statements
• Balance sheet
• Income statement
• Statement of changes in owners’ equity
• Statement of cash flows
• Relationships among financial statements
• NAIC annual statement
• Consolidated financial statements

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E-mail: customerservice@TheInstitutes.org

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E-mail: customerservice@TheInstitutes.org
Phone: (800) 644-2101

Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.