The presence of singularities

Accordingly, the specifics of the operations they perform, and their role in ensuring the stability of the monetary system. As a company working in the financial markets, the bank belongs to the category of enterprises - financial intermediaries and has operations in the money, credit markets and the securities market with the use of various financial instruments. These banks are significantly different from companies operating in the production and the lion's share of operations which account for the purchase of raw material, its processing and manufacturing of finished products and its implementation. It is known that the bank as a financial intermediary stands between the small lender - zaoschadnikom and borrower-investor, who has investment opportunities and helps to move funds from one to the other. Movement of funds banks are carried out with the use of financial instruments, the most common of which are deposits, loans and securities. To gain a holistic understanding of how business transactions are recorded in the bank's financial statements, it is necessary to explain the meaning of the term "financial instrument". Under the financial instrument to understand any contract in which there is a financial asset of one enterprise and a financial liability or equity instrument, an enterprise. Contract (Agreement) may be either in writing or orally. For example, the company, having temporarily idle funds in the amount of UAH 25 000, signed with the bank deposit agreement for a period of one month and transfers funds to the fixed deposit in a bank. Due to this operation, the enterprise appears in the balance of a financial asset in the form of a financial instrument, as posted in the bank deposit. Simultaneously, the bank's balance sheet, these funds are recorded as a financial liability (debt) to the customer by the bank deposits. Topic: The role of accounting in the management of the bank, its types and destination