Checking date: 03/05/2019


Course: 2019/2020

Insurance Accounting
(14234)
Study: Master in Actuarial and Financial Sciences (224)
EPE


Coordinating teacher: LOPEZ-PUERTAS LAMY, MONICA

Department assigned to the subject: Department of Business Administration

Type: Compulsory
ECTS Credits: 6.0 ECTS

Course:
Semester:




Competences and skills that will be acquired and learning results.
Knowledge: - To learn the diversity of transactions of any insurance company. - To know all components of the financial accounts and accounting standards of an insurance company - To understand the impact of accounting practices on the income statement and the net income obtained by an insurance company Skills: - To develop the skills needed work in an autonomous way, with a specific emphasis on the precision of the results. - To develop team-works, and the ability to interact with experts of other areas (Accounting functions coordinates and gather the information from the other areas within the organization). - To account for and analyze a large number of transactions. Values and attitudes: - To develop ethical behavior in business. Accounting principles and professional codes of conduct -To develop enthusiastic attitude to register all accounting transactions -To develop critical view on the accounting rules
Description of contents: programme
1. Accounting regulation of Insurance companies 2. Financial Statements 3. Valuation rules 4. Basic financing decisions of Insurance companies 5. Fixed assets and Investments 6. Accounting of hybrid instruments and of insurance contracts 7. Liabilities: Technical Provisions. 8. Income Statement: Incomes,Transaction and trading operations and finance accounts 9.Case insurenance and re insurance.
Learning activities and methodology
The competences of knowledge and attitudes will be obtained through theory and practice sessions and resolving exercises at home, individually or in groups, which will be discussed and corrected in class. The course will be the following development: Students will be handed three sets of material during the semester: 1. Theoretical material, 2. Practical exercises to analyze in groups, and 3. Practical exercises to analyze individually. Practical exercises are closely linked with the theory of the different topics of the course. All exercises and homework need to be handed in before each class by aula global according to the timetable. Students are motivated to develop exercises for each topic before the correction is presented in class. Not all exercises will be corrected, and should be considered additional material that students can use to practice. The 6 ECTS credits correspond approximately to 3 credits of face-to-face classes, 2 credit of team work on the practical exercises and 1 credit for individual work on practical exercises. The objective of the theoretical classes is that students understand the problems of accounting linked to each topic of the program. This theoretical understanding is complemented by the solution of practical exercises. Finally, practical exercises that need to be presented by teams are intended to stimulate students to work in team and resolve team problems.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40
Basic Bibliography
  • International Accounting Standards Board (IASB). International Accounting Standards Board (IASB) marco conceptual, normas internacionales de contabilidad NIC¿s #1, 32 y 39 y normas internacionales de información financiera NIIF¿s #4, 9 y 17. x. x
  • Real Decreto 1317/ 2008, de 24 de julio, y su modificación: Real Decreto 1318/2008, de 24 de julio.. Plan de contabilidad de las entidades aseguradoras.. x. 2008
  • Reglamento Delegado (UE) 2015/35 de la Comisión. ¿SOLVENCIA II¿: Directiva Reglamento Delegado (UE) 2015/35 de la Comisión, de 10 de octubre de 2014. x. 2014

The course syllabus and the academic weekly planning may change due academic events or other reasons.