With time

To resolve the differences between historical cost and achieve real and accurate valuation of assets and liabilities at the practice using combined methods of assessment. Rated at cost combined with the use of such methods of assessment, as the present value, cost being recovered, the net cost of acquisition or sale, the fair value, etc. For example, the bank loans granted are measured at net realizable value, securities in the bank's portfolio investments - at fair value, the bank's premises - at historical cost less depreciation. The principle of periodicity. Based on the continuity of the bank's assume that an objective assessment of how much a bank can at the start of the bank and at the time of liquidation of the bank. However, the decision-making by users require periodic financial information on the activities of the bank. According to this principle business activities of the bank is allocated to specific periods in order to compile the financial statements. The reference period, which covers the whole cycle of accounting information and ends with financial reporting, including all its components, is the calendar year. The interim quarterly financial statements are prepared on a quarterly basis cumulative from the beginning of the year. Banks are also daily and monthly financial statements. Sets of such statements as opposed to the annual financial statements include not all the components. Topic: The role of accounting in the management of the bank, its types and destination