General Insurance Accounts

Across 19 chapters, every question reviewed and exam-aligned.

Tap a chapter to see what it covers.

1. 1Unit 1: Financial Accounting Meaning & Scope23 questions23▾

   Financial accounting basics: meaning, objectives, functions, limitations and the main books of accounts.

2. 2Unit 2: Accounting Concepts, Principles & Convention25 questions25▾

   Accounting concepts, principles and conventions under GAAP, and the elements of financial statements.

3. 3Unit 3: Accounting Standards - Objectives & Interpretation24 questions24▾

   Accounting standards: objectives of AS and Ind AS, Companies Act 2013 rules and IFRS comparison.

4. 4Unit 4: Accounting Policies24 questions24▾

   Accounting policies: their objectives, changes in policies, and policies used in non-life insurance.

5. 5Unit 5: Accounting Process25 questions25▾

   The accounting process: double entry bookkeeping, types of accounts, golden rules, principal and subsidiary books.

6. 6Unit 6: Accounting Methods, Procedures & Control25 questions25▾

   Accounting methods and procedures: journals, ledger posting, cash book, trial balance and final accounts.

7. 7Unit 7: Depreciation Accounting24 questions24▾

   Depreciation accounting: meaning, methods, disposal and revaluation of assets, AS 6 and Companies Act 2013.

8. 8Unit 8: Bank Reconciliation Statement25 questions25▾

   Bank reconciliation statement: why it matters, reasons for differences and how to prepare one.

9. 9Unit 9: Company Accounts (Companies Act 2013)27 questions27▾

   Company accounts under the Companies Act 2013: types of companies, books, Schedule III formats and tax.

10. 10Unit 10: General Insurance Accounting Process & Techniques26 questions26▾

    General insurance accounting: legal framework, key terms and techniques, co-insurance and financial reporting.

11. 11Unit 11: Insurance Accounting Regulations27 questions27▾

    Insurance accounting regulations: IRDAI rules on financial statements and auditor's reports, and their formats.

12. 12Unit 12: Preparation & Presentation of Financial Statements26 questions26▾

    Insurer financial statements: revenue accounts, profit and loss, balance sheet, cash flow, ratios and solvency.

13. 13Unit 13: Reinsurance Accounting24 questions24▾

    Reinsurance accounting: reinsurance terms, types of arrangements, surplus and excess of loss treaties, Indian rules.

14. 14Unit 14: IRDAI Investment Regulations 201626 questions26▾

    IRDAI Investment Regulations 2016: manner of investment, approved investments, returns, investment management and derivatives.

15. 15Unit 15: Investment Accounting24 questions24▾

    Investment accounting: classification of investments, AS 13 treatment and preparing an investment account.

16. 16Unit 16: Annual Reports (Companies Act 2013)24 questions24▾

    Annual reports under the Companies Act 2013: contents, disclosures and insurance company disclosures.

17. 17Unit 17: Statutory Audit in General Insurance25 questions25▾

    Statutory audit in general insurance: auditor opinions, branch audits, audit programmes and audit reports.

18. 18Unit 18: Internal Audit in General Insurance24 questions24▾

    Internal audit in general insurance: scope, objectives, common queries, audit programmes and reporting systems.

19. 19Unit 19: Goods & Services Tax (GST)25 questions25▾

    Goods and Services Tax: GST council, GST model, reverse charge, registration and filing of returns.