KFUCPJ Accounting of Insurance Companies

Faculty of Economics and Administration
Autumn 2008
Extent and Intensity
0/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Petr Valouch, Ph.D. (lecturer)
Guaranteed by
Ing. František Kalouda, CSc., MBA
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Timetable
Sun 12. 10. 16:20–19:30 S311, Sat 1. 11. 16:20–19:30 S311
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course is a follow-up to the courses Financial accounting I and II and specifies the basic differences in accounting of commercial insurance companies. The course focuses on legal regulation of accounting of the insurance companies, account classes, etc. Finally the financial statements of insurance companies are defined.
At the end of the course, students should be able to:
- understand and explain legal regulation related to accounting of insurance companies and basic procedures of posting simple economic transactions;
- analyze financial statements of insurance companies;
- use accounting information for effective management of an insurance company.
Syllabus
  • 1 Specifics of accounting in insurance companies, legal regulation, principles of valuation in accounting of insurance companies
  • 2 Accounting of financial investments (land, buildings, deposits)
  • 3 Accounting of financial investments (securities and derivatives)
  • 4 Accounting of other assets - non-financial investments
  • 5 Accounting of claims and liabilities (insurance contracts)
  • 6 Accounting of receivables and payables (reinsurance)
  • 7 Accounting of other receivables and payables
  • 8 Accounting of equity and long-term liabilites (with exception of technical reserves)
  • 9 Accounting of technical reserves
  • 10 Effect of reinsurance on technical reserves
  • 11 Accounting of costs and revenues, technical and non-technical account
  • 12 Final accounts of insurance companies, preparation for financial statements
  • 13 Financial statements of insurance companies and their use for management of insurance companies
Literature
  • VALOUCH, Petr. Účetnictví komerčních pojišťoven. 2. přepracované vydání. Brno: ESF MU, 2008, 110 pp. ISBN 978-80-210-4582-8. info
  • ČEJKOVÁ, Viktória and Petr VALOUCH. Účetnictví pojišťoven. Brno: ESF MU, 2005, 120 pp. ISBN 80-210-3663-X. info
  • ČEJKOVÁ, Viktória and Petr VALOUCH. Účetnictví pojišťoven po vstupu do EU (Accounting of insurance company after entering the EU). 1st ed. Praha: GRADA Publishing, 2005, 120 pp. ISBN 80-247-0953-8. info
Assessment methods
Written test.
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is also listed under the following terms Autumn 2006, Autumn 2007.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2008/KFUCPJ