Statutory Accounting Principles Working Group

ASU 2018-12 is effective for public entities Jan. 1, 2021. For nonpublic entities, the ASU is effective for Dec. 31, 2022. The ASU includes . ... The revisions from ASU 2018-12 indicate that contracts with market risk benefits do not need to be bifurcated as embedded derivatives, as the guidance in ASU 2018-12 requires market risk benefits to ... ................
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