Melnychuk I. Accounting and audit of financial results of the insurance activity

The study and development of the theoretical and methodical principles and development of practical recommendations to improve the accounting and auditing financial results of insurance activities is the objective of the thesis. The process of the accounting and auditing financial results of insurance activities is the object of the investigation. The set of theoretical and methodical principles and applied aspects of accounting and auditing financial results of insurance activities is the subject of the investigation. The development of theoretical concepts and science-based recommendations on the accounting and auditing financial results of insurance activities is the scientific novelty of the results. Organizational and methodical concepts concerning providing of formation and reflection of financial results of insurance activities in the accounting are improved; methodical approaches to the determination of indicators which form the financial result of insurance activities in the system of financial statements for the deepening of its informational content; methodical recommendations for internal audit organization of the financial results of insurance companies by developing relevant draft of the regulatory document for using by the insurers. The main concepts of the thesis are brought to the level of methodical generalizations and applied toolkit that enables management of insurance companies to receive relevant accounting information and make reasonable managerial decisions regarding the formation of financial results. The main results of the investigation accepted for implementation by Ukraine League of Insurance Organizations and applied in CJSC Insurance Company "Energoreserv" and Khmelnytskyi Regional Directorate of OJSC NJSC "Oranta"; used in educational process of Khmelnytskyi Cooperative Trade and Economic Institute in teaching subjects "Accounting", "Financial Accounting II", "Audit", "Accounting by International Standards" and Kharkov Institute of Finance of Ukrainian State University of Finance and International Trade in teaching subject "Accounting in financial and credit institutions".