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Finance and Credit

16(400) - 2010 April

Bank’s Financial Instruments: Assessment of Cost Recognition

Vol. 16, Iss. 16, APRIL 2010

Available online: 16 April 2010

Subject Heading: Banking system

JEL Classification:

Stefanovich L.I. candidate of economic science, associate professor, Deputy Head of Banking Operations Regulation Department of the National bank of the Republic of Belarus, Republic of Belarus, Minsk
L.Stefanovich@nbrb.by

In the article bank’s financial instruments are examined for assessment of their cost recognition in accounting. The way Belarusian banks apply fair value and amortized cost for the purposes of initial recognition and subsequent measurement of financial assets and obligations is subject to serious analysis. The author comes to a conclusion that amortized cost should be applied to the bank’s credit portfolio through the system of accounting.

Keywords: Bank, accounting, financial instruments, fair value, amortized cost, measurement, recognition

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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