In spite of this

These differences are due to orientation and types of accounting, principles of organization, content and order of provision and use of accounting information. The main objects of financial accounting - it's assets, liabilities, equity, revenues and expenses. The objects of management accounting include the revenues, expenditures and financial results, which are grouped by type of operations carried out by the bank, by type of source of funds used to attract resources, structural units that receive or have the appropriate income or expense. Summarizing the above, we conclude that the purpose of any business - to achieve high economic performance. Source of information, covering indicators of financial condition, financial performance and cash flows of the bank's activities is the end product of financial accounting. Thus, the main purpose of financial accounting - this is the compilation and provision of accurate financial statements of a general-purpose users. Such financial statements previously provided to a wide range of external users who may not require such reports, tailored to meet their specific needs. However, it is also widely used and bank managers. Based on the financial statements can calculate important financial meters, based on which to make informed economic decisions. Financial records can be conducted without the simultaneous management accounting. But the introduction of management accounting provides a starting point the existence of already existing financial accounting. Each of these types of accounting has its target audience of users who are interested in a variety of information about the activities of the bank. Special attention is required the question: by what criteria divide users on the external and internal, and the differences between their goal of providing information about the business of the bank? Topic: The role of accounting in the management of the bank, its types and purpose | Tags: Off-balance