Description

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3:00 PM - 5:00 PM

This Course defines the most commonly used terminology related to accounting issues. It explains that primary setup decisions that an agency/brokerage management team must make in creating or revamping its reporting systems. It also discusses options in aggregating necessary financial information via workflows in the organization and covers reconciliation issues with carriers and surplus brokers. The course also covers common valuation methodologies to determine  the equity value of an agency or brokerage

Course Objectives:

• Understand and be able to define the most common agency/brokerage accounting and financial reporting terms.
• Determine methodologies to aggregate accounting detail in those organization and use the basic financial reports
       available to agencies and brokerages.
• Understand and differentiate the two primary methods of agency/brokerage valuation techniques.

Approved for 2 NJCE Credits