The advantages of this method

The advantages of this method is independent of financial and statistical reports, the possibility of freedom to set and change the rules of management accounting, volume and structure of reporting forms, the introduction of new indicators, etc. The method of analytical accounts provided for the distribution of balance sheet accounts for some systematic analysis needed for recording transactions in the records management accounting. Consequently, when applying this method, all relevant information recorded in the accounting records and are simultaneously used for management reporting (Annex B). The advantage of this method is the combined knowledge base, based on accounting data. Due to duplication of entries increased control over the reliability of the reflected information. However, the method has significant drawbacks. Among them: increasing the number of analytical accounts that are maintained must comply with general accounting rules, standards and open definition of certain parameters of the order of formation of the memorial orders, etc., increase the number of entries, reflecting the same operation. Finally, consider the method of management accounts. Actually it is a combination of off-system benefits the organization and management accounting method, the analytical accounts. Application of the method of management of accounts helps to create a unified information-analytic space and the bank is most relevant to its main areas of financial management. We have in mind: - the development of the banking policy of certain sectors of activity (lending, deposit, investment, services, etc.) - bank marketing - asset and liability management - profit management, liquidity, own capital, bank risk management, etc. A particularly important aspect of the organization of management accounting is to develop a list of reporting forms and timing of its delivery. This is a large array of information on all banking transactions, and systematized in various areas of management. One of the main requirements for management reporting is efficiency. Therefore, in our opinion, it must have features of rapid diagnosis, be an expression of momentary glance at the condition of the bank, which, however, provides an opportunity to conduct a substantive analysis needed to determine the tactics of control. Among such rapid reporting shall be, for example: - a monthly and quarterly performance reports - daily report on the structure of receivables and payables - daily calendar of payments - daily statement of loan and deposit funds in the context of office - a daily report about the structure of attracted and placed funds on terms of use - a daily report on the cost of resources and return on assets - every ten days a report on the profitability of individual businesses - a monthly report on income and expenditure sections. Among the fundamental questions that must be resolved in the case of the introduction of management accounting, determination of the structure of management accounts, in particular, the analytical accounts of 8th grade. Category: Uchot bank ucherizhdeny | Tags: financial and statistical