Zasady rachunkowości banku w świetle rekomendacji U
The rules of bank accounting in the light of recommendation U

Summary/Abstract: This paper covers the topic of revenue accounting as well as insurance costs that banks experience as the market develops for the bank-insurance model of bancassurance. The article particularly takes into consideration the impact on credit charges for insurance costs and banks’ financial results. Banks account for insurance commission revenues in a markedly different manner, when it comes to the range of methods in calculating an effective interest rate that determines balance sheet valuation levels on loan receivables. Poland’s Financial Supervision Authority (KNF) developed at the end of 2013 a draft project on a new market standard for banks’ insurance activities, which was formally passed in June 2014 as new Recommendation U, concerning best practice in bank insurance model ranges. The KNF developed the regulation to bring order to banks’ accounting basics for insurance commissions, leading to standardisation in the basics of outstanding credit valuations and in determining financial results. This article attempts to assess the impact of different accounting rules for insurance commissions on banks’ financial results.

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