Information on the bank

Financial reporting - it's financial statements containing a set of economic indicators, which should reflect an objective assessment of the financial condition and financial results, as well as the amount of the cash flows from commercial banks and the degree of riskiness of its activities. The shape and volume of accounting information must be such that these market participants to make informed economic decisions. This and due to the specific requirements for banks to disclose information on economic activity in the external (public) financial statements, which are summarized in the international standard on accounting for the number AOR, "Disclosures in Financial Statements of Banks and Similar Financial Institutions" and discussed in the next section . Accounting is seen as an important management function. The accounting system is integrated in the management of the bank. Bank management is to predict the main parameters of the banking business. For management tools include: "Planning as a process of identifying strategic and tactical goals of the banking business, the organization as a process of solving structural construction of the bank, defining the functions and nature of the structural units and delegating certain powers to them, control the process of measuring and evaluating the actual state of your scheduled tasks Compared with the given parameters, the calculations of variances and adjustments to targets, personnel management: clarification of staffing requirements, movement within the bank, depending on the professionalism and skill training. To perform the functions of the normal management information is needed, in practice systematically and comprehensively summarized only in the accounting system. Topic: The role of accounting in the management of the bank, its types and destination