Important Points for IC 26 - Life Insurance Finance Exam

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  • American Accounting Association has defined human resource accounting as
  • Cost based models of HRA include : Capitalization of historical costs, Replacement cost
  • Economic value models of HRA include : Opportunity cost, Discounted wages and salaries approach, Flamholtz model, Jaggi and Lau model
  • Inflation accounting is an accounting system that adjusts values for changes in purchasing power.
  • Inflation accounting is an attempt to account for the price level changes and adjust the financial statement accordingly.

Life Insurance Finance

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