Accounting Commons^™

On Becoming A Cost Effective Company, Robert D. Shapiro, Barton H. Clennon

Journal of Actuarial Practice (1993–2006)

The 1990s financial services environment requires each life company to identify its distinct capabilities and competitive strengths and to build its future direction from these features. This demands a fundamental rethinking of traditional approaches to planning, organization, and financial management.

Cost-Based Pricing Of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis, Patrick Butler

Journal of Actuarial Practice (1993–2006)

Every mile traveled by a car transfers risk to its insurer. This paper posits that the product of a cents-per-mile rate based on class experience and the miles recorded on the car's odometer appropriately earns prepaid premium while the car is driven. Operation of a practical car-mile system is described briefly. To test the competing idea that driver-record pricing responds to known large differences in risk transfer, a model used to validate claim free discounts is reexamined with the car-mile as the measure of individual cost. Driver-record pricing is found to inflate car-year price-to-cost differences. Consequences of accident rate variability …

Ethical Issues, Helps, And Challenges: Perceptions Of U.S. Actuaries, Therese M. Vaughan, Robert W. Cooper, Garry L. Frank

Journal of Actuarial Practice (1993–2006)

This paper reports the findings of a survey of Fellows of the Casualty Actuarial Society (FCAS) to determine their perceptions of the key ethical issues and dilemmas facing the industry today and the factors they view as most helpful and challenging in resolving these dilemmas. The responses are compared to a previous survey of Fellows of the Society of Actuaries (FSA). The study finds that FSAs and FCASs tend to rank key ethical issues similarly and that both groups of actuaries tend to look first to their own personal values, second to certain factors in their business environment, and last …

Managing The Relative Volumes Of Participating And Nonparticipating Business In A Mutual Life Company, Robert G. Chadburn

Journal of Actuarial Practice (1993–2006)

Management decisions of a mutual life company involving the amounts and relative proportions of participating (with profits) and nonparticipating (without profits) business and the level of expenses are examined in relation to their effect on participating policyholders' returns. A particular expense ratio is defined that plays a key role in a framework for making such decisions. The sensitivity of participating policy returns to changes in each factor are analyzed. Companies with expense ratios (as defined) of less than 2 are shown to prefer a different strategy from companies with higher ratios. There is an incomplete tendency for the ratio to …

Life Insurance Applications Of Recursive Formulas, Timothy L. Giles

Journal of Actuarial Practice (1993–2006)

This paper discusses several practical applications of recursive formulas:

a) Traditional whole life-As an introduction, the well-known relationship between successive terminal reserves is reviewed. Recursive formulas are developed to calculate the reserves and the premiums;

b) Universal life-Recursive formulas are used both for the calculation of target premiums and reserves. Consideration is given to the TEFRA corridor;

c) Paid-up rider-A participating single premium rider that provides a level death benefit can be devised using an inherent one year term benefit. Recursive functions are used to determine the premium that precisely matures the rider.

Because the APL programming language is particularly …

Journal Of Actuarial Practice, Volume 1, No.1, 1993, Colin Ramsay , Editor

Journal of Actuarial Practice (1993–2006)

ARTICLES

Global Social Security: How the Rules are Changing in Certain Countries • Robert J. Myers

On Becoming a Cost Effective Company • Robert D. Shapiro and Barton H. Clennon

The Process of Pension Forecasting • Michael Sze

Cost-Based Pricing of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis • Patrick Butler

Discussion • Ruy A. Cardoso & Richard G. WolI & Patrick Butler's Reply

A New Approach to Modeling Excess Mortality • Peter D. England and Steven Haberman

The Small Plan Audit Program: The Opinions of the Court • Arnold F. Shapiro

BOOK REVIEWS

A. Hoque Sharif reviews "Options …

No. 120 1992 November

International Journal for Business Education

SIEC Historical Documents

The Pricing Decision: Balancing The Cost-Based And Market-Based Approaches In Different Industries, Shawn M. Kain, Kenneth Yale Rosenzweig

Accounting Faculty Publications

The objectives of this paper are to discuss cost estimating and pricing issues in four different industries, to analyze methods and strategies that are used in the costing and pricing of products in those industries, and to make general comparisons about costing and pricing techniques.

Accurate projection of costs is essential to the survival of any firm because cost estimates often determine whether a project will be authorized to begin or continue, the amount of resources that will be allocated to a particular product or product line, the prices of products, and the firm's and product line's profitability. Many management …

No. 119 1992 April

International Journal for Business Education

SIEC Historical Documents

1991-1992 Financial Summary, Morehead State University. Budget & Financial Planning Office.

Morehead State University Financial Summaries Archive

1991-1992 Financial Summary of Morehead State University.

1991-1992 Morehead State University Audit Report, Morehead State University. Accounting And Financial Services Office.

Morehead State University Audit Reports

1991-1992 Audit Report for Morehead State University.

1992-1993 Operating Budget, Morehead State University. Budget & Financial Planning Office.

Morehead State University Operating Budgets Archive

1992-1993 Operating Budget of Morehead State University.

No. 118 1991 November

International Journal for Business Education

SIEC Historical Documents

Ua3/8/1 A Comparative Examination Of University Revenues & Expenditures, Melvin Borland, John Wassom, Wku President's Office - Meredith

WKU Administration Documents

Draft working paper A Comparative Examination of University Revenues & Expenditures.

No. 117 1991 April

International Journal for Business Education

SIEC Historical Documents

1991-1992 Operating Budget, Morehead State University. Budget & Financial Planning Office.

Morehead State University Operating Budgets Archive

1991-1992 Operating Budget of Morehead State University.

Ua4/1 1991-1992 Operating Budget Revised, Part I, Wku Academic Budgets & Administration

WKU Administration Documents

First 50 pages of the revised operating budget for 1991-92, includes introduction, estimated budget resources, summary of departmental budgets and budgets / salary lists for individual departments for Accounting, Economics, Administrative Office Systems, Management, Marketing, Finance, Teacher Education, Educational Leadership, Psychology, Physical Education, Military Science, Home Economics, Art and English.

1990-1991 Morehead State University Audit Report, Morehead State University. Accounting And Financial Services Office.

Morehead State University Audit Reports

1990-1991 Audit Report for Morehead State University.

Ua4/1 1991-1992 Operating Budget Revised, Part Iv, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 151-200 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Student Health Services, Athletics, Registrar, Admissions, Minority Student Support, Faculty Senate, Regents, President, Academic Affairs, Student Affairs, Business Affairs, Institutional Research, University Attorney, Administration & Technology, Accounts & Budget, Personnel, Foundations, Transportation, Public Safety, Purchasing, Postal Services, Development and University Relations.

Ua4/1 1991-1992 Operating Budget Revised, Part V, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 201-250 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Alumni Affairs, Information Center, Central Computer & Information Services, Physical Plant, Custodial Services, Maintenance, Auxiliary Services, Food Services and Housing, along with general institutional expenses, benefits and scholarships.

Ua4/1 1991-1992 Operating Budget Revised, Part Ii, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 51-100 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of English, Modern Languages, History, Music, Philosophy & Religion, Communication & Broadcasting, Journalism, Theatre & Dance, Government, Sociology & Anthropology, Social Work, Agriculture, Biology, Chemistry, Geography & Geology, Mathematics, Physics, Engineering Technology, Industrial Technology, Nursing, Health & Safety, Allied Health, Area Health Education System, Computer Science, Community College, Extended Campus, Honors, Independent Study, Summer School, Sponsored Programs, Faculty Research, Publications and Graduate Student Research.

Ua4/1 1991-1992 Operating Budget Revised, Part Vi, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 251-283 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Housing, Auxiliary Services, Sponsored Programs and grants.

Ua4/1 1991-1992 Operating Budget Revised, Part Iii, Wku Academic Budgets & Administration

WKU Administration Documents

Pages 101-150 of the revised operating budget for 1991-92, includes budgets / salary lists for individual departments of Fine Arts, Hardin Planetarium, Cave & Karst Studies, Agriculture Exposition Center, Continuing Education, Distance Learning, Center for Local Government Services, Asian Center, Center of Excellence, Coal Science Center, Center for Industry & Technology, Public Radio, Sponsored Programs, Economic Development, University Libraries, Public Television & Radio, Academic Computing, University Farm, Business College, Education, Potter College, Ogden College, Graduate Studies, International Programs, Gerontology Programs, Student Life and Academic Services.

1990-1991 Financial Summary, Morehead State University. Budget & Financial Planning Office.

Morehead State University Financial Summaries Archive

1990-1991 Financial Summary of Morehead State University.

1989-1990 Morehead State University Audit Report, Morehead State University. Accounting And Financial Services Office.

Morehead State University Audit Reports

1989-1990 Audit Report for Morehead State University.

No. 116 1990 November

International Journal for Business Education

SIEC Historical Documents

Education, Certification, And The Earnings Of Industrial Accountants, Kenneth Yale Rosenzweig, Lawrence Hadley

Accounting Faculty Publications

Utilizing a model of the relationship between skill accumulation and earnings known as human capital theory, we analyzed the incremental earnings associated with various educational and professional credential for a sample of members of the National Association of Accountants (NAA). Data were collected by means of a questionnaire survey of NAA members and were analyzed utilizing a multiple regression technique. Earnings is regressed on various education and certification variables. Employment characteristics and personal characteristics of the respondents are included as control variables.

Our analysis documents positive earnings increments for the bachelor’s and MBA degrees and the CPA certificate. For the …

No. 115 1990 April

International Journal for Business Education

SIEC Historical Documents

1990-1991 Operating Budget, Morehead State University. Budget & Financial Planning Office.

Morehead State University Operating Budgets Archive

1990-1991 Operating Budget of Morehead State University.

No. 114 1989 November

International Journal for Business Education

SIEC Historical Documents