Accounting in banks

So in the accounting of banks distributed widely accepted definition: accounting - the process of observing, measuring, recording, storage, compilation, storage and transmission of information on economic activities of the bank internal and external users for decision making. The practical accounting systematically reflects the information about individual banking operations, which include settlement, credit, deposit and other and make up the economic activity of the bank, which allows users to obtain data needed to analyze and assess the status and effectiveness of the bank. Transmission of information from the bank to the users is done by drawing up and publication of financial statements. Consequently, the subject of accounting at the bank is its economic activities (various banking transactions), and the final product - accounts of economic activity. Conduct of business and accounting organization in the bank has certain features that distinguish it from other accounting business. In this case it is the banks of the society there are additional requirements for accounting. Topic: The role of accounting in the management of the bank, its types and destination