Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Organization of Bank Accounting In the Conditions of the Financial Crisis

Author(s): Marek Garbowski, Natalia Kozitska, Yevheniia Poliakova, Nataliia Kornilova, Lidiya Synytsia

The organization of accounting in banks is influenced by a significant number of factors, the main of which are: features of normative regulation of bank activities, specifics of bank activities, special public role of the banking sector, and rapid development of bank activities. It was proved that the bank accounting policy is disclosed through the methodological and technological component of the organization of accounting, as well as its components were characterized: organizational (distribution of duties on accounting records of creation and introduction of banking products), methodical (development and introduction of methods of accounting records of banking products at all stages of their life cycle) and technological (ensuring the effective use of selected methods of data processing, and forms of management reporting). The consideration of certain elements of the accounting organization will allow to raise the informativity and to accelerate the provision of responses to inquiries of interested persons, carried out during the management of the innovative activity of the bank, by optimizing this process and identifying assets and expenses for banking innovations.

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