Accounting of Banks and Insurance Companies
Instructor: Горан Радивојац, PhD, Full Professor
Different tax regulations, balance layout of chart of accounts, regulations of regulatory agencies and a specific way of doing business impose the need for the special study of accounting treatment of business changes within such entities. Accounting treatment of business changes in the banking and insurance sector is the primary objective of studying this subject.
| Code : | О17РРБО |
|---|---|
| Status: | C |
| Semestar: | 8th |
| Number of classes per week: | 4+3 |
| ЕECTS: | 6 |
| Teachers: |
Горан Радивојац,
PhD Full Professor Светлана Сабљић, PhD Assistant Professor Александра Јандрић, MBA Senior Assistant |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | After mastering the contents of the planned curriculum a student can independently analyze and solve specific problems of accounting of banks and insurance companies. He/she will be able to properly record the most important business events, to apply valid regulations and perform analysis and planning of business in banks and insurance companies. The gained knowledge represents a solid basis for practical application but also for further studies - master. |
| Subject Contents: | Layout of chart of accounts for banks; Accounting policies; Accounts with banks as the primary instruments of payment operations; Cash payments and their accounting records; Special instruments of payment operations; The financial statements of banks and their specificity; Balance sheet and income statement of banks; Reports on the flow of funds in banks; Saving deposits; Loans to businesses and individuals; Domestic payment operations; International payment operations; Determining the periodic business results; Financial statements of branch office and head office; Bookkeeping records of incomes and expenditures of insurance companies; Cost of compensations from the insurance; Accounting treatment of mathematical reserves; Specificities of the contents of the balance sheet and income statement of insurance companies; Specificities of the contents of the report on the flow of funds of insurance companies; Calculation of the profitability of insurance companies. |
| Teaching Methods and Learning Activities: | Lectures, i.e. the transfer of theoretical knowledge from the literature. The main form of work in exercises will be accounting treatment of business events from practice so that students could learn how to apply their gained knowledge for practical purposes. Preparation and presentation of seminar paper with the mandatory application of the Instructions for the preparation of scientific papers. |
| Literature: | Lukić, R. (2009). Banking Accounting. Belgrade: Faculty of Economics; Lukić, R. (2009). Accounting of Insurance Companies. Belgrade: Faculty of Economics. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |