Improving The Preparation Of Consolidated Financial Statements In Insurance Companies In Accordance With The Requirements Of International Financial Reporting Standards

Аннотация

This research paper describes the theoretical and methodological aspects of the preparation of consolidated financial statements in insurance companies in accordance with the requirements of international financial reporting standards and methods of calculating the investments of insurance companies. The methods of compiling the consolidated financial statements of insurance companies, their calculation and the stages of consolidation are described. The ways of solving the problems of consolidating financial results, assets and liabilities, cash flows and financial statements taking into account the specifics of the activities of insurance companies are considered. Key words: consolidated financial statements (CFS), control, joint control, equity participation, non-controlling interest, significant influence, joint companies, elimination of intra-group transactions, proportional consolidation, joint venture, business combination, segment report, separate financial statements, equity, financial instruments, insurance contracts, assets and liabilities, income and expenses, financial statements of a group of companies.