Home  Journals  International Accounting  8(128) - 2009 August

The basic components of the accounting policy of the bank (consolidated) groups

Available online: 26 August 2009

Subject Heading: The credit organizations

JEL Classification: 

Since 2008 the consolidated financial statements of the Bank (consolidated) Groups, in accordance with the Russian Accounting Standards, are prepared on the basis of the accounting policy. In the Bank of Russia rules and regulation the basics principles that should be reflected in the accounting policy of the Group are established. In practice, for the preparation of the good consolidated financial statements, it is necessary to register a number of the other essential aspects. The Russian consolidated financial statements prepared on the basis of the accounting policy can be used in the administrative purposes for the optimization of the Group activity.

Keywords: accounting policy, consolidated reporting of the Bank (consolidated) Groups

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ISSN 2311-9381 (Online)
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