Important Points for IC 26 - Life Insurance Finance Exam
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IRDA has issued regulation that each life insurer should revalue its assets once in 3 years to bring it near to current cost.
Net value added is calculated as follows : NVA = S
Flamholtz Model (1973) of human resource accounting indicates the value of sacrifice that an enterprise has to make to replace its human resources by the identical one.
Value added statement shows wealth created by a reporting entity through the utilisation of its capacity, capital, management, human resources and other resources.
Value added statement cannot substitute the traditional income statement (i.e. Profit and Loss A/c).
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