The chart of accounts is mandatory for use by all agencies of banks

National Bank of Ukraine developed a separate plan of accounts for institutions NBU and chart of accounts for commercial banks. Developed separately for institutions NBU Chart of the structure is almost the same chart of accounts for commercial banks, but has some features in content. This is due to the fact that the NBU performs unique to the central bank: the emission operation, maintenance, and government debt, the regulation of commercial banks, etc. The application of international principles and accounting standards makes it possible to prepare financial statements that are sufficiently accurate and reproduces clear picture of the economic and financial activities of the bank. The principle of accounting is a rule which should guide the measurement, evaluation and registration of business operations and their results reflected in the financial statements. For international (generally accepted) accounting principles include the principle of autonomy, the principle of continuity, accrual and matching revenues and expenses, the precautionary principle, the principle of the single monetary meter, the principle of the prevalence of substance over form, the principle of historical (actual) cost, the principle of periodicity, the principle of the sequence. With the content and purpose of these principles you have learned by studying the discipline of "Accounting". Next, consider the principles, whose application in the financial accounting of banks have certain characteristics. The principle of accrual and matching income and expenses. Topic: The role of accounting in the management of the bank, its types and purpose | Tags: Chart of Accounts