Regulatory Alerts2020-11-23
Decision on the Chart of Accounts and Content of Accounts for Insurance Undertakings
The Governor of the National Bank of Serbia issued this Decision to prescribe the Chart of Accounts and specific account contents for insurance undertakings in Serbia. The regulation mandates that balance sheets and income statements be recorded in accordance with International Accounting Standards and International Financial Reporting Standards. It details the structure of general and analytical accounts for assets, liabilities, and equity, including specific requirements for tracking technical provisions, related party transactions, and strict accountability forms.
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