Accounting and Taxation Technical Insurance - Plan of Accounts for Insurance Companies
This course aims to reinforce the knowledge of employees in Technical Accounting Insurance.
Specific objectives:
At the end of the training the trainees are able to:
• Understand accounting methodologies based on IAS / IFRS;
• Know the insurance process;
• Demonstrate the financial position and performance of the company.
CONTENTS
Module I - Introduction
-Definition of accounting
-CONEXPOSITION OF NIC
-The conceptual framework and IAS 1
-The accounting policy (IAS 8)
- Estimates and errors (IAS 8)
Module II - Financial position and performance
-Demonstration of financial position
- Profit and loss account and statement of comprehensive income
-Accounting process
- Principles of measurement
Module III - Basic Concepts - Insurance Accounting
- Classification of contracts (insurance contracts, investment contracts and service contracts)
Module IV - Insurance Process
-Values from contracts
- Insurance premium (procedure for issuing and recognizing the premium, tax charges)
-Commissions received from investment contracts
-Commissions received from service contracts
- Commissions payable: insurance contracts, investment contracts, service contracts
Module V - Liabilities arising from contracts
-Contract insurance
-Investment contracts
-Service contracts
Module VI - Reinsurance and co-insurance
-Reinsurance
-Co-insurance
