Determination of the Financial Result in the Insurance and Reinsurance Companies Considering the Accounting Act
Determination of the Financial Result in the Insurance and Reinsurance Companies Considering the Accounting Act
Author(s): Katarzyna Świetla, Krzysztof JonasSubject(s): Business Economy / Management, Accounting - Business Administration
Published by: Wydawnictwo Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
Keywords: insurance company; financial result; financial reporting
Summary/Abstract: The procedure of determining the financial result in the insurance companies significantly differs from the rules set for a typical entity. The paper, using the example of the report-the profit and loss account presents the principles for determining both the technical and overall profit and loss account discussing individual categories. The paper has indicated categories concerning revenues and costs specific only for the insurance companies.
Journal: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
- Issue Year: 2016
- Issue No: 3
- Page Range: 121-137
- Page Count: 17
- Language: English
