In recent times, it is common to hear in any conversation the term "innovation". Everything must be "innovative". However, innovation is not the same for everyone. When we talk of innovations Wandering through downtown on Saturday, I found that the long delayed and awaited White Experimental comic was already available. If you do not know what it is, I tell them a little history of the project. About two years ago began publishing online in PDF format magazine called White Experimental formed by several small, independent comics, both Chilean and other Latin American countries. The journal is published by this means, and already has 21 numbers at the time of this writing. Thanks to the good reception, to finance the fund of reading, and management of the creator / editor, the magazine could make the leap to the physical publication, which since November 20 is in bookstores. As the digital version, it consists of different comics from 6 to 10 pages in length, and as I understand it is all original material, not collected from the magazine. Let's go then to the point. Physically is a big book, almost 30×20 cm, 120 pages and covers semi hard. I say The commercial code and the law of insurance companies provide material management books and records that companies should contain. This also requires that insurance companies like the other companies take the books that this code establishes and shall meet the demand here. Record Book issued policies and supplements and cancellations: the relevant data recorded for each insurance policy, risk characteristics, economic conditions, etc.. Book of calculation of technical provisions: For each type of provision should take a book of these records, and is insurance, reinsurance accepted or ceded reinsurance. Book states covering technical provisions and solvency margin: This book collects the investments allocated to cover technical provisions. Inventory book and annual accounts in this book detailing the company's initial assessment and at least quarterly the amounts transferred and balances to trial balance. The insurance companies have a wide range of books as their accounting is very complex, and it carried a ledger for each item needed. Among these are mentioned the following:. General Journal. According to Art. 446 of the Code of Commerce of El Salvador in this book chronologically record all movement of an entity which should be done every day. List of Accounts. It refers most of all the chart of accounts which is where details of all sub-accounts and use the entity according to their economic activity. Register of Policies and supplements Issued and Cancelled. This book should contain the relevant data from each insurance policy or supplements such as personal items of the hedged risk characteristics among others. Book of Calculation of Technical Provisions. Which is recorded separately each of the items such as direct insurance, reinsurance accepted and ceded reinsurance. Investment ledger. This book is a detail of all insurers to make investments, which will be recorded as an inventory that will contain all necessary data on investments in assets. States book covering technical provisions and solvency margin. This book collects the investments allocated to cover technical provisions. Register of Contracts Accepted and Ceded Reinsurance. This record shall include the information identified in each of the reinsurance contracts held by the entity. The insurance companies have a wide range of books as their accounting is very complex, and it carried a ledger for each item needed. Among these are mentioned the following:. General Journal. According to Art. 446 of the Code of Commerce of El Salvador in this book chronologically record all movement of an entity which should be done every day. List of Accounts. It refers most of all the chart of accounts which is where details of all sub-accounts and use the entity according to their economic activity. Register of Policies and supplements Issued and Cancelled. This book should contain the relevant data from each insurance policy or supplements such as personal items of the hedged risk characteristics among others. Book of Calculation of Technical Provisions. Which is recorded separately each of the items such as direct insurance, reinsurance accepted and ceded reinsurance. Investment ledger. This book is a detail of all insurers to make investments, which will be recorded as an inventory that will contain all necessary data on investments in assets. States book covering technical provisions and solvency margin. This book collects the investments allocated to cover technical provisions. Register of Contracts Accepted and Ceded Reinsurance. This record shall include the information identified in each of the reinsurance contracts held by the entity. In Article 1 paragraph 3 of the Companies Act provides that the insurance that is not stipulated in this Law shall be determined as required by the Commercial Code. In addition to art 85 of the Insurance Companies Act provides that if there is something issue regulations, guidelines or what is necessary for the valuation, recording, presentation of the games. Our legislation is a catalog which is issued based on Article 10 of the Organic Law of the financial system supervision and Article 85 of the law of insurance companies. The provisions of Article 86 of the law of insurance company that provides this section on policies but in a generic way. Article 33 of the insurance company law stipulates the types of reserves which are subject to risks, mathematical reserve, loss reserve, reserve forecasting. In Article 191 of the Commercial Code establishes the legal reserve, in Article 33 of the insurance company law stipulates the provisions of this class of companies and Article 31 of the Act provides for the insurance company solvency margin . The relationship is with the article 22 of the insurance company law is that this paper is the transfer of risk. It is also important to take account list is also known as catalog which facilitates cost to keep a better record of societies. According to Article 65 of the law of organization and supervision of private insurance indicates books and records to be kept by regulators, which only mentions LEDGER journal and which are required by the Commercial Code of Spain . So insurance companies are required to maintain accounts required by law. JOURNAL BOOK: This book records all day to day operations concerning business activity wing, this is the basis for the company's accounting process as this is praise these books. Storybook: For this you must get a list of accounts used by the company to reflect its breakdown journal operations sub-accounts and the main accounting relationships. This list is obtained by means of computer accounting policies logbook and supplements issued and cancellations. This should contain the data d3 more relevant to each of the insurance policies as personal items and characteristics of risk and economic conditions of the contract. Policies must be issued with a serial number as when there is a cancellation must be made in the date and the records that are affected by them. The legislation of our country referred to the books and records that organizations should take, likewise insurance companies operating in El Salvador. The Insurance Companies Act in Articles 85 to 87 and in the Code of Commerce of El Salvador, Title II, Article 435 is referred to the following means to bring the accounting records:. * Book journal, where it is collected every day, economic facts of a company. The recording of an economic fact in the book called Diary entry, ie it records all transactions made by a company. * Ledger: In it are collected all accounts, with all charges and payments made on them. Book summary record of the movement of an account which will also específica.En investments (costs and profits) that the company had in that period of time. * Listing of Accounts (Chart of Accounts): A detailed list or numbered and classified the items comprising the Assets, Liabilities and Stockholders' Equity, as well as revenues and expenditures of an economic entity. * Register of Policies and Supplements issued and Cancellations: This book takes the data from each insurance policy or supplement issued, made these consecutively, implementing series or classification criteria. * Book of Calculation of Technical Provisions: You must register the direct insurance and reinsurance ceded reinsurance accepted, so it can generate a classification of the classes of insurance and generate ledgers. * Book of Investments: All investments are recorded in effect, related to insurance in force, among others. Differentially should be assigned to the specified inveriones:. * States Book cover technical provisions and solvency margin: This book collects the investments allocated to cover technical provisions, shall be recognized periodically at least every quarter. * Register of Contracts Accepted and Ceded Reinsurance: Records all contracts of insurance provided to reinsurance with other insurers, is necessary to identify statutory and treaty of optional assignments or acceptances. * Book Inventory and Annual Accounts: This report quarterly amounts and balances resulting trial balance. Likewise final inventories at year end. In Article 1 paragraph 3 of the Companies Act provides that the insurance that is not stipulated in this Law shall be determined as required by the Commercial Code. General Journal. According to Art. 446 of the Code of Commerce of El Salvador in this book chronologically record all movement of an entity which should be done every day. List of Accounts. It refers most of all the chart of accounts which is where details of all sub-accounts and use the entity according to their economic activity. c) books of account will have to make a list of accounts that the entity has to reflect its operations in the journal to be deployed in the sub and main accounting ralaciones affecting them. in this book will contain the data relevant to each policy that is issued or personal supplements, characteristics of the risk being hedged, these policies shall be listed, you can do several series Pere is the criterion for classification depend are using. Insurers must establish, on a daily, initialed Logs authorized, for each branch of insurance claims complaints they receive. Will settle, as the first item, the balance showing the economic and financial situation at the beginning of its operations, noting the asset accounts, liabilities and capital. All accounts must be in the country, even of the agencies, affiliates, subsidiaries or branches of foreign companies. must, at the close of each fiscal year, the economic situation of his company, which show through the balance sheet and profit and loss statement. Book of Minutes of Boards or Boards of Directors, according to the nature of society and the management regime adopted. According to Article 65 of the law of organization and supervision of private insurance indicates books and records to be kept by regulators, are cexigidos by commercial code of Spain. JOURNAL BOOK: This book records all day to day operations concerning business activity wing, this is the basis for the company's accounting process as this is praise these books. the books of account will have to make a list of accounts that the entity has to reflect its operations in the journal to be deployed in the sub and main accounting relationships that affect them. Insurers must establish, on a daily, initialed Logs authorized, for each branch of insurance claims complaints they receive. Entities bearing the registration forms the computer system bound, must list at the end of the day the rolls with the admitted allegations. the book of calculation techniques SUPPLIES: for each technique is carried separately SUPPLIES records that correspond to direct insurance and accepted reinsurance ceded reinsurance provisions for unearned premiums must contain the policies for which dicah constituted provision. This book recorded the inventory investment as they were to obtain all information necessary for proper management of investments, and this book will collect the same summary of the status of investments at the end of each quarter. Article 33 of the insurance company law stipulates the types of reserves which are subject to risks, mathematical reserve, loss reserve, reserve forecasting. Book this book will pick up inversiones.en investments allocated to cover technical provisions which shall Dener sections as business so this will be necessary to cover the states of this book which may be haceal least three months periods. Article 73 of the insurance rules tells us that the reinsurance contracts shall take the forms and conditions generally accepted by the customs and practices. In contracts involving brokers can not include any provision that limits or restricts the direct relationship between the insurer and reinsurer or it may confer such powers or faculties brokers other than those that are not the necessary and proper for their work independent intermediary in hiring. each contract and collect relevant data on the elements of personality, characteristics of the risks reinsured. The entry into force of the NIC and in spite of this, all the professionals concerned know that there is still much to clarify the insurance industry. The cost of the guarantees in the balance and therefore the risk measurement possible interactions between asset and liability approach underlying changes in accounting policies and valuation. Accounting, understood as an information system requires the definition of a set of rules and principles that guarantee the correctness of the information provided. It is also clear that in a globalized economy, these standards must be common. The NIFF respond to the need for financial information provided by the various operators can be comparable, ie complies with principles similar irrespective of country of origin of the issuer. Comparability, a key objective of the process of accounting harmonization also would not be enough if this is also understandable, relevant, reliable, neutral, prudent, integrated and timely manner, ie, useful for making decisions of the various users of the financial. Currently, insurers operating in El Salvador financial information issued by standards that do not adapt to the economic reality experienced by the world at large. Despite this, all the professionals concerned know that there is still much to clarify the insurance industry. This impairs the presentation of all financial statements of these companies, companies must submit such reports as reliable, understandable among others, establishing such standards, others must update the law and accounting standards also in El Salvador . The NIFF respond to the need for financial information provided by the various operators can be comparable, ie complies with principles similar irrespective of country of origin of the issuer. One of the wealthiest areas of the classification is related to insurance contracts is the risk that says no problem in the general insurance policy or term life. It is certainly good fats good news for investors, professionals and consumers is where I think is the importance of importing the new challenge for general directions of the insurance company. Accounting, understood as an information system requires the definition of a set of rules and principles that guarantee the correctness of the information provided. the presentation of information is expected to see every performance that the company has in its transactions during the shekel is operating. Comparability, a key objective of the accounting harmonization process would not be sufficient if in addition this is also understandable, relevant, reliable, neutral, prudent, integrated and timely manner, ie, useful for making decisions of the various users of the financial. The characteristics of the financial sector and the insurance industry are unique, a standard requires entities to regulate the supervision of the financial system in our country to be able to apply IFRS. The country has established that the companies listed on the stock exchange would have to use IAS to perform accounting, although it has been arranged vols insurers listed on stock but as he realized that none of the NIC