INSURANCE SERVICES, AS OBJECT OF ACCOUNTING OF EXPENDITURES FOR INSURANCE OF RAILWAY TRANSPORT

Abstract

The purpose. The article is devoted to the display of the accounting consequences of business transactions of receiving different types of insurance from insurers for insurance of property interests of economic entities - enterprises of railway industry. Method. To solve this problem we used the accounting and financial reporting - accrual and matching of income and expenses to determine the financial result of the reporting period. Results. This article provides clarification of the concept of insurance services as a specific product on the insurance market. The influence of insurance services, depending on its type, the costs and the financial performance of railway transport. Scientific novelty. A rail industry enterprises with the accounting for costs associated with insurance property insurance services adhere to the principle of accounting and financial reporting - accrual and matching of income and expenses to determine the financial result of the reporting period. This will properly distribute insurance costs for the period. If the contract of property insurance company prepared the calendar year, it provides for the distribution of insurance costs for the reporting period and the proportionate monthly display them in the account in comparison with those obtained income from economic activities. Similarly, the costs must be displayed on a personal compulsory insurance of certain categories of rail transport. When insuring passengers such problems do not arise. The validity of insurance policy matches the current reporting period. Practical significance. Using the above approach should help determine the proper insurance costs and, therefore, will provide a more reasonable definition of financial results. Systematic tax regulations for certain types of insurance will ensure correct calculations.