Accounting System Transformation: Actuarial Approach in 3D

Abstract

The content of actuarial accounting as a new stage in modern accounting system transformation is revealed. The foreign non-trivial approach to the triple accounting system based on the application of the “three-window” system of accounts and descriptive entry is studied. The concept of the “triple accounting system” is defined in terms of modern interpretation of socio-economic phenomena and processes in 3D format. The necessity to open a separate class of actuarial accounts in 3D format is substantiated. Particular emphasis is placed on the generalization of accounting information from the actuarial accounting system in actuarial reporting.