Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

It is registered

Ministry of Justice

Russian Federation

On January 28, 2016 No. 40869


of December 28, 2015 No. 526-P

Industry standard of the financial accounting "Procedure for Creation of Accounting (Financial) Records of Insurance Companies and Societies of Mutual Insurance"

(The last edition from 14-08-2017)

This Provision according to the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699, No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317, No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318, No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37, No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, Art. 4225, Art. 4273, Art. 4295; 2017, No. 14, the Art. 1997) and the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of December 22, 2015 No. 38) establish procedure for creation of accounting (financial) records of insurance companies and societies of mutual insurance (further in case of joint mentioning - insurers).

Chapter 1. General provisions

1.1. Insurers constitute annual and intermediate accounting (financial) accounts. The annual accounting (financial) accounts are constituted for the accounting period from January 1 to December 31. The intermediate accounting (financial) records are constituted by quarterly accruing result for the periods from January 1 to March 31, from January 1 to June 30, from January 1 to September 30.

1.2. The insurer has the right to include the additional accompanying information which is not provided by this Provision in structure of appendices to accounting (financial) records if he considers this information necessary for understanding users of impact of specific transactions, other events and conditions on financial position and financial results of the insurer.

1.3. On all amounts reflected in accounting (financial) records for the accounting period, the insurer shall provide comparable comparative information for the previous accounting period.

1.4. In case of absence at the insurer of data on assets, obligations, the income and expenses for which indicators are provided (lines, graphs) in forms of accounting (financial) records, these indicators join in forms of accounting (financial) records of the insurer with zero values.

1.4.1. The insurer has the right to make the decision on disclosure of the additional information to Articles of forms of accounting (financial) records by addition in accounting (financial) records of the lines deciphering information containing in Articles with use of turnovers "including" or "from them" in the name of the deciphered Articles.

1.5. In this Provision requirements of the following International Financial Reporting Standards are applied (further - IFRS):

IFRS (IAS) 7 the "Cash flow statement" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n (further - IFRS (IAS) 7);

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.