Bank Accounting Essentials Course

This training course aims to provide an imitation to the major mechanisms of bank accounting, and features the recording of accounting entries related to several banking operations.

Learning Objectives:

At the end of this session, participants will be able to:

• Define bank accounting;
• Compare bank accounting with other forms of business accounting;
• Demonstrate the accounting treatment for bank transactions under the IFRS;
• Prepare the accounting statements at monthly, quarterly and annual intervals

Course Outline

• Bank accounting frameworks
• Structure of bank operations
• Sources and specifications of bank accounting
• Charts of accounts in credit institutions
• Regulatory requirements
• Cash flow and bulk operations accounting
• Operations in relation with the Central Bank
• Correspondent banking operations: nostro and vostro accounts
• Repo operations
• Foreign currency operations
• Accounting of bank customer service operations
• Deposit operations and means of payment
• Customer credit operations
• Accounting of provisions
• Off-balance sheet commitments
• Initiation to financial instruments accounting
• Accounting classification of financial instruments
• Operations on securities: for own account and for third party account
• Operations on derivatives : hedge accounting
• Introduction to the IAS 32 and 39 statements