publication . Article . 2011

Measurement Issues of Financial Placement and Technical Provisions of Czech Insurance Companies

Bokšová, Jiřina;
Open Access English
  • Published: 01 Jan 2011
  • Publisher: University of Economics, Faculty of Finance and Accounting Prague
Measurement represents one of the most important methodological elements of accounting because it affects the overall informative ability of financial statements. The chosen method of valuation affects not only the amount of assets and liabilities, but the size of costs and revenues of the entity as well; therefore it has a major impact on profit and solvency of insurance companies. Each accounting regulation – whether at national or supranational level – includes relatively thorough provisions related to valuation. In the Czech accounting system valuation is regulated by the Accounting law, which distinguishes between the initial valuation of assets and liabili...
free text keywords: G22, M41, Insurance, Financial placement, Technical reserves, Historical cost, Fair value, ddc:650
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