Receivable insurance cibcept and accounting for receivable insurance apllications

Nowadays people and companies have to take risks and make sales for settlement to take a base in market and gain competition power. In general receivable insurance is an insurance agreement that secures probable credit risks after sales of goods and services between buyer and seller. Sales for settlements bring some risk factors together. Definition and management of risk may be a profit source for companies otherwise undefined, mismanaged and undefined risks may negatively affect profit of companies. All types of risks may be controlled to be performed in a safe enviroenment. Receivable insurance have been appeared with improvement of credit issues and empowerement of insurance activities that can be an important step to establish confidence between buyer and supplier. Aim of this study is explaining accounting practices of receivable insurance and illustrating sample accounting examples under regulations of Turkish Accounting Standards /Turkish Financial Reporting Standards, Financial Reporting Standards for Large and Medium Sized Enterprises and accounting applications for insurance companies. Examples were explained in aspect of both insured and insurer companies. Study is expected to make contributions to both literatüre and accounting applications.