Deferred acquisition costs
id:
deferred-acquisition-costs-251-2372301
title:
Deferred acquisition costs
text:
In insurance, deferred acquisition costs (DAC) is an asset on the balance sheet representing the deferral of the cost of acquiring new insurance contracts, thereby amortising the costs over their duration. Insurance companies face large upfront costs incurred in issuing new business, such as commissions to sales agents, underwriting, bonus interest and other acquisition expenses. DAC under U.S. GAAP, MSSB and IAS 39 are all very similar, except that
IAS 39 only allows direct, incremental costs t
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Deferred_acquisition_costs
date created:
date modified:
2022-11-05T03:49:00Z
main entity:
{"identifier":"Q1182652","url":"https://www.wikidata.org/entity/Q1182652"}
image:
fields total:
13
integrity:
13