اتجاه النظام المحاسبي لشركات التأمين بالجزائر نحو معايير الابلاغ المالي الدولية دراسة ميدانية لشركات التامين الجزائرية

Abstract

The aim of the study is to examine the insurance sector in Algeria in general, and the accounting system practices in Algerian insurance companies in particular along with trying to clarify its compatibility with the international accounting standards, since the financial accounting system is highly inspired from these standards. In addition, this study aims to shed the light on the reality of accounting practices for various insurance and reinsurance contracts, through comparing them with the requirements of IFRS 4, such as determining technical provisions, embedded derivatives, and finally trying to identify the challenges of adopting these standards. Consequently, a descriptive analytical approach has been adopted to examine the collected data from the primary and the secondary sources. We distributed a questionnaire to a sample of 130 accountants, financial and accounting managers in the Algerian insurance companies, as well as university professors and auditors. The study concluded that the Algerian accounting system applied in the Algerian insurance companies does not meet the International Financial Reporting Standard No (4) Requirements, and that the Algerian insurance companies lacks the necessary ingredients that may contribute to the adoption of international reporting standards. In addition, we concluded that evaluating reinsurance operations and disclosing embedded derivatives can be duly implemented according to the requirements of International Financial Reporting Standards (IFRS) No. 4 for the insurance contracts, besides we found that measuring technical provision using the transparent valuation model based on the (best assessment, risk margin, left margin) is not possible according to the requirements of IFRS No. (4) IFRS private insurance contracts. Keywords: Insurance,Insurance Companies, Insurance Accounting, Insurance Accounting, International Accounting Standards and Financial Reporting.