TRANSFER OF INSURANCE ORGANIZATIONS TO INDUSTRY ACCOUNTING STANDARDS AND A SINGLE ACCOUNT PLAN: FINANCIAL RESULTS AND TAXABLE PROFIT
D.B. Bortsov
Academy of Work and Social Relations, Lobachevskogo str., 90, Moscow, 119454
Keywords: единый план счетов, финансовый результат, налогооблагаемая прибыль, международные стандарты финансовой отчетности, отраслевые стандарты бухгалтерского учета страховых организаций, unified chart of accounts, financial result, taxable income, international financial reporting standards, industrial accounting standards of insurance companies
Abstract
The switch of noncredit financial companies including insurers to the industrial accounting standards and unified chart of accounts can be called one of the most important events in the reform of business processes in recent history of the insurance market in Russia. Tax accounting should not be kept out of this event since the introduction of new industrial provisions leads to many questions relating to tax treatment. The article will consider the issues of profit taxation and give recommendation regarding elimination of the contradictions emerged following the introduction of the industrial standards.
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