Specific feature of the chart of accounts

The financial result, which is reflected in the account the fifth grade, "The results of last year, pending approval" shall be calculated according to the accounts of the sixth and seventh grades. This indicates a logical connection between the first and second parts of the Chart of Accounts, and then smoothly transformed into the relationship between balance sheet and financial results. Contingent liabilities and claims which are considered off-balance sheet ninth grade, under certain conditions, provided arrangements can be powerful with the Bank or its obligations and significantly affect the changes in its financial position. These are the possible consequences of off-balance sheet transactions show a logical connection between the third and first parts of the Chart of Accounts. The accounts of all three parts are intended to maintain financial records. The eighth class is designed to account for management accounting and for accounts over which are intended to provide a link between the accounts of financial accounting and accounts management accounting. Account Management accounting is used to determine the cost of banking products, as well as the performance of individual departments or responsibility centers, etc. They allow you to accumulate the information to make tactical and strategic decision making by managers and bank management. At present there is no centrally developed methodology and techniques of management accounting in banks. Each bank solves this problem yourself. The ability to use and interpretation of financial statements much easier to understand the principles of allocation of accounts and their associations on the structural units in the Plan accounts. Topic: The role of accounting in the management of the bank, its types and destination