DETERMINATION OF THE FINANCIAL RESULT IN THE INSURANCE AND REINSURANCE COMPANIES CONSIDERING THE ACCOUNTING ACT
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 ac...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Applied Sciences in Bielsko-Biała
2016-06-01
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| Series: | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| Subjects: | |
| Online Access: | http://asej.eu/gicid/01.3001.0012.2984 |
| Summary: | 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. |
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| ISSN: | 2543-9103 2543-411X |