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Profit Return In Civil Aviation And Fleet Insurance: Gaap, Financial Reporting And Tax Applications

Author

Listed:
  • Onder Kaymaz
  • Ozgur Kaymaz

Abstract

In the civil aviation market, unique insurance types are available. This market encompasses a small number of insurers who have the capacity to insure large fleet portfolios. Profit return is the portion of the insurance premium returned to the insured depending on the insurance contract. This paper examines the concept of profit return as used by civil aviation companies along with the scrutiny of accounting and tax applications implemented by Turkish civil aviation companies regarding aviation insurance premia. This work has particular implications on International Accounting Standards, Generally Accepted Accounting Principles (GAAPs) and Financial Reporting for a particular setting.

Suggested Citation

  • Onder Kaymaz & Ozgur Kaymaz, 2015. "Profit Return In Civil Aviation And Fleet Insurance: Gaap, Financial Reporting And Tax Applications," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 6(2), pages 45-57.
    • Handle: RePEc:ibf:rbfstu:v:6:y:2015:i:2:p:45-57
    as

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    References listed on IDEAS

    as
    1. Morton N. Lane, 2005. "Pricing issues in aviation insurance and reinsurance," Journal of Risk Finance, Emerald Group Publishing, vol. 6(3), pages 192-207, May.
    2. Triant Flouris & Paul Hayes & Kuntara Pukthuanthong‐Le & Dolruedee Thiengtham & Thomas Walker, 2009. "Recent Developments in the Aviation Insurance Industry," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 12(2), pages 227-249, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Recognition; Disclosure; International Accounting Standards (IASs); International Financial Reporting Standards (IFRSs); Financial Reporting; Civil Aviation; Profit Return;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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