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dac
(redirected from Deferred Acquisition Costs)

   Also found in: Medical, Financial, Acronyms, Wikipedia 0.01 sec.

digital-to-analog conversion (DAC)

Process by which digital signals (which have a binary state) are converted to analog signals (which theoretically have an infinite number of states). For example, a modem converts computer digital data to analog audio-frequency signals that can be transmitted over telephone lines.


DAC
(1) See D/A converter and discretionary access control.

(2) (Domain Assurance Council) See Vouch By Reference.
dac
DAC - Digital to Analog Converter


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The AICPA staff, helped by industry experts, released a set of technical questions and answers (Q&As) on financial accounting and reporting issues related to Statement of Position 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts.
The AICPA Accounting Standards Executive Committee (AcSEC) issued Statement of Position (SOP) 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts, effective for replacements occurring in fiscal years beginning after December 15, 2006.
Healy's reply was to ask about deferred acquisition costs.
 
 
 
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