This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Journal entry — AICPA issues several TPAs

Published on: Oct 16, 2012

Recently, the AICPA issued several technical practice aids (TPAs) in the form of nonauthoritative Q&As that address selected practice issues. Two of these TPAs are related to ASU 2010-261 and the accounting for deferred acquisition costs by insurance entities:

  • TIS Section 6300.39, “Cumulative Effect of Change in Accounting Principle — ASU No. 2010-26.”
  • TIS Section 6300.40, “Deferrable Commissions and Bonuses Under ASU No. 2010-26.”

In addition, four of the TPAs are relevant for health care entities:

  • TIS Section 6400.49, “Presentation of Claims Liability and Insurance Recoveries — Contingencies Similar to Malpractice.”
  • TIS Section 6400.50, “Accrual of Legal Costs Associated With Contingencies Other Than Malpractice.”
  • TIS Section 6400.51, “Presentation of Insurance Recoveries When Insurer Pays Claims Directly.”
  • TIS Section 6400.52, “Insurance Recoveries From Certain Retrospectively Rated Insurance Policies.”

Finally, one TPA applies to independent auditors’ reviews of interim financial information:

  • TIS Section 9170.02, “Supplementary Information That Accompanies Interim Financial Information.”

If you have questions about the above Q&As, please contact the AICPA’s Technical Hotline.


1 FASB Accounting Standards Update No. 2010-26, Accounting for Costs Associated With Acquiring or Renewing Insurance Contracts — a consensus of the FASB Emerging Issues Task Force.

Accounting Journal Entries Image

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.