Work

Accounting of Financial Results in Banks and International Standards

Year: 2024

Type: article

Abstract: Accounting of financial results in banks is very important to show their financial status and activity correctly. Financial accounting in banks involves measuring, recording and reporting financial transactions, assets, liabilities, equity, income and expenses. These reports provide stakeholders, including regulators, investors and management, with important insights into the financial health of the bank. The complexity of banking operations, along with regulatory requirements, makes it mandatory for banks to adhere to international accounting standards that ensure transparency, comparability and consistency across the industry.

Source: Frontline Marketing Management and Economics Journal

DOI: 10.37547/marketing-fmmej-04-09-04

Authors: Zokir Mamadiyarov, Firuza Karimova

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4402656958

FWCI:

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Related to: 10