ANALYSIS OF ACCOUNTING AND ANALYTICAL PROVISION OF ACTIVITIES OF INSURANCE INSTITUTIONS

Roieva, Olha Sergeevna and Роєва, Ольга Сергіївна and Роева, Ольга Сергеевна (2018) ANALYSIS OF ACCOUNTING AND ANALYTICAL PROVISION OF ACTIVITIES OF INSURANCE INSTITUTIONS. Електронний журнал «Приазовський економічний вісник» (6 (11)). pp. 529-535. ISSN 2522-4263

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Abstract

The article investigates the forms of accounting of insurance companies, the specifics and structure of insurance companies' reporting. An important component of the activities of insurance companies remains accounting with the use of accounts designed specifically for insurance companies. Proper organization of the process of preparing financial statements is an important condition for the reliability of the performance of the insurance company. The purpose of this article is to research and analyze the National Accounting Standards, Laws of Ukraine and regulations on the organization of accounting and compilation of accounting and tax reporting in insurance institutions of Ukraine, as well as their impact on the quality and reliability of the presentation of the results of the activities of insurance companies. During the study, methods of analysis and synthesis were used in the study of forms of accounting, to identify the impact of the specific functioning of financial institutions providing insurance services; the method of induction and deduction to study the process of reporting by insurance companies, as well as the method of scientific abstraction. According to the results of the study, the form of accounting of insurance companies has been clarified, and the specifics and structure of insurance organizations' reporting have been specified, classification of accounts for accounting of insurance operations carried out by specialized financial institutions in accordance with normative acts has been specified. An important component of the activities of financial institutions remains accounting with the use of accounts, designed specifically for insurance companies. Correct organization of accounting reporting is an important condition for the beginning of the activity of an insurance organization. Insurance companies must publish financial statements with the auditor's confirmation of its truthfulness. The application of international standards, with financial statements, for Ukrainian insurance companies is a prerequisite for a successful transformation of the accounting system into the realities of our time

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