Information Package
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Program of Insurance and Risk Management

TBF422

INSURANCE ACCOUNTING

Course Code
TBF422
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Identify and analyze the structure of financial statements in insurance companies.
  2. Prepare and apply accounting records for insurance transactions.
  3. Analyze and interpret the financial statements of insurance companies.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThis course covers the introduction of the insurance accounting system, the explanation of financial statements, the recording of transactions, and the interpretation of financial statements.
Course Contents
WEEK TOPICS
1st Week The importance of accounting as an information system
2nd Week Basic accounting concepts
3rd Week The scope of the insurance accounting system
4th Week Financial statements of insurance companies: general features
5th Week Financial statements of insurance companies: basic principles
6th Week Financial statements of insurance companies: users' need for information
7th Week Accounting for the distinctive characteristics of insurance businesses
8th Week Midterm exam
9th Week Structure and content of the insurance chart of accounts
10th Week Accounting entries related to the production, cancellation, payment of claims, and technical reserves of non-life premiums
11th Week Reinsurance accounting: production, cancellation, payment of claims, and recording of technical reserves for life premiums
12th Week Analysis of key characteristics and principles of financial statements in insurance companies
13th Week Analysis of insurance financial statements
14th Week General review
Recommended or Required ReadingMarşap, B. (2011). Sigorta muhasebesi ders notları.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Questions/Answers
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Total(%) 40
Contribution of In-term Studies to Overall Grade(%) 40
Contribution of Final Examination to Overall Grade(%) 60
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz
Individual or group work 14 3 42
Preparation for Final exam 1 40 40
Course hours 13 3 39
Preparation for Midterm exam 1 20 20
Laboratory (including preparation)
Final exam 1 1 1
Homework
Total Work Load143
Total Work Load / 30 (h)4.76
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3
K1 X X X
K2
K3
K4 X X
K5 X
K6 X
K7
K8
K9
K10
K11
K12