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Boksova, Jirina
- How to Recognize Revenues from Gross Written Premium: Some Evidence from Insurance Companies Operating in CEE Markets
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PDF Views:247
Authors
Affiliations
1 Skoda Auto University, Department of Financial and Managerial Accounting, Na Karmeli, 293 01, Mlada Boleslav, CZ
1 Skoda Auto University, Department of Financial and Managerial Accounting, Na Karmeli, 293 01, Mlada Boleslav, CZ
Source
International Journal of Entrepreneurial Knowledge, Vol 2, No 2 (2014), Pagination: 39-44Abstract
The research objective of this paper is to compare the current approaches in reporting of gross written premium in selected Central and Eastern European countries. Under current Czech regulations, the gross written premium in majority of Czech insurance companies is charged under the payment method set in the contract (i.e. annually, quarterly, monthly, etc.), however revenues from gross written premium for the accounting period are always shown in the proper amount. Our research confirmed that presented information about gross written premium in various jurisdictions is based on different methodologies and proved that for the comparability of data and for their information capability there is crucial to develop a precise definition of gross written premium; only in such case there would be possible to ensure the credibility of statistical data. Using these incomparable data may lead in many cases to misleading conclusions when evaluating the level of insurance in various countries and regions.Keywords
Insurance, Gross Written Premium, Life Insurance, Non-Life Insurance.Full Text
References
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- Repayment Plan as Essential Instrument in Personal Bankruptcy in the Czech Republic
Abstract Views :254 |
PDF Views:94
Authors
Affiliations
1 University of Economics Prague, Department of Financial Accounting and Auditing, CZ
2 SKODA AUTO UNIVERSITY, Department of Financial and Managerial Accounting, CZ
1 University of Economics Prague, Department of Financial Accounting and Auditing, CZ
2 SKODA AUTO UNIVERSITY, Department of Financial and Managerial Accounting, CZ
Source
International Journal of Entrepreneurial Knowledge, Vol 4, No 2 (2016), Pagination: 22-36Abstract
It is possible to undergo a personal bankruptcy in the Czech Republic since 2008. The number of personal bankruptcies has been steadily rising in the country since the arrival of economic crisis in 2009. Because of that it is necessary to examine individuals who had undergone personal bankruptcy and by whom has been the process of personal bankruptcy already completed. Submitted research concerns debt relief of individuals who applied for personal bankruptcy in the time period between 1.1.2008 and 31.12.2011 and whose process of personal bankruptcy was declared as successfully completed until the first quarter of 2015. Until the end of the research this applied to 1.352 individuals. The main aim of the research was to find out the percentage of debt repaid to creditors by each individual with regard to their age. The research has been focused on dividing the sample of 1.352 individuals to different categories according to their age, source of their income and amount of their income. Particular debtors who applied for a personal bankruptcy, have been divided into four age groups. Each individual was afterwards analysed for the source of their income, from which the debts were repaid. Possible sources of income were divided into eleven groups. The researched sample of individuals was consequently divided according to the overall amount of their debt into five categories.Keywords
Personal Bankruptcy, Debt Relief, Debtor, Creditor, Repayment Plan, Amount of Debt, Claim of Creditor.Full Text
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