Accounting and financial reporting

Completeness of accounting - all banking transactions shall be recorded in the accounts without any exceptions. The financial statements should contain all the information about actual and possible results of operations of the bank, which may influence the decisions made by him - date of transaction - transactions are recorded in the accounting records on the day they occurred, ie, on the day of human rights (assets) or liabilities (liabilities), regardless of the date of movement on them. All accounts are active or passive, except for the clearing, transit or technical accounts - estimate - assets and liabilities are prioritized on the costs of acquisition or origination. Assets and liabilities denominated in foreign currency, except for non-monetary sex should be re-evaluated when the official exchange rate at the reporting date when calculating the need to comply with relevant income and expense, to determine the outcome of the reporting period compared to income of the reporting period with expenses that have been made for these revenues. The income and expenses are recognized in the accounting and reporting for their occurrence, but not at the time of receipt or payment of money. Accounting should provide ability to predict and determine the development strategy of the bank by comparing the items of the balance with performance specified by the Bank and the analysis of their dynamics. Topic: Analysis of controlling