This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Deferred acquisition costs" – news · newspapers · books · scholar · JSTOR(August 2013) (Learn how and when to remove this message)
In insurance, deferred acquisition costs (DAC) is an asset on the balance sheet representing the deferral of the cost of acquiring new insurance contracts, thereby amortising the costs over their duration. Insurance companies face large upfront costs incurred in issuing new business, such as commissions to sales agents, underwriting, bonus interest and other acquisition expenses.
DAC under U.S. GAAP, MSSB (Modified Statutory Solvency Basis) and IAS 39 are all very similar, except that
IAS 39 only allows direct, incremental costs to be deferred rather than all acquisition costs.
and 24 Related for: Deferred acquisition costs information
In insurance, deferredacquisitioncosts (DAC) is an asset on the balance sheet representing the deferral of the cost of acquiring new insurance contracts...
using the straight-line method. Deferred Tax DeferredAcquisitionCostsDeferred financing costs "DEFERRED FINANCING COSTS" (PDF). Archived from the original...
only amortized in special cases. Deferredacquisitioncosts are typically only allowed for amortizing the acquisitioncosts of customers in businesses like...
Costs of goods made by the businesses include material, labor, and allocated overhead. The costs of those goods which are not yet sold are deferred as...
Modified Statutory Solvency Basis (MSSB), an actuarial method of DeferredAcquisitionCosts in the insurance industry This disambiguation page lists articles...
of an investment adjusted for several tax-related items including acquisitioncosts. It is used in the calculation of capital gains or losses. For Stocks...
may incur costs related to those assets. If an asset is expected to produce a benefit in future periods, some of these costs must be deferred rather than...
States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to...
period after closing of the acquisition and may involve anywhere from ten to fifty percent of the purchase price being deferred over that period. Buyers...
and UI). The costs include processing costs, administration and accommodation costs, capital expenses, and litigation costs. These costs represented roughly...
purchase prices. All the costs of serving customers are then calculated and spread by customer. The prime costs include: Storage costs. The product was stored...
2004 December 9 05-1 Accounting by insurance enterprises for deferredacquisitioncosts in connection with modifications or exchanges of insurance contracts...
canceled two proposed maintenance facilities and deferred a large aircraft purchase worth US$2 billion. Deferred maintenance from this period of cost-cutting...
Delayed gratification, or deferred gratification, is the resistance to the temptation of an immediate pleasure in the hope of obtaining a valuable and...
February 2014). "Bids for Tamil Nadu, Odisha mega power projects to be deferred by two months | Business Line". Thehindubusinessline.com. Retrieved 6 August...
When someone sells assets in tax-deferred retirement plans, the capital gains that would otherwise be taxable are deferred until the holder begins to cash...
investor subtracts the tax deferred part of a distribution from their cost base (and reduced cost base). It is called tax deferred because the investor pays...
the world. On June 1, 2023, Madison Dearborn Partners completed the acquisition of MoneyGram. MoneyGram businesses are divided into two categories: Global...
and in the treatment of pain and related conditions. This includes the acquisition, manufacture, and distribution of specialty pharmaceuticals, active pharmaceutical...
demand. Financial benefits from the Basslink investment included reduced or deferred need to invest in further base load generation facilities, and potential...
or certain expenses in corporate acquisitions. However, some systems provide for amortization of certain such costs, at the election of the taxpayer....
of the SFO’s costs of £3.4 million and payment of compensation to the people of Nigeria of £210,610. "Wood Group completes acquisition of Amec Foster...
Global Information