A Bank Banking System Ukraine Account In Bank

Bank – is an organization , usually a corporation , chartered by a state or federal government , which does most or all of the following: - receives demand deposits and time deposits

Bank – is an organization , usually a

corporation , chartered by a state or

federal government , which does most or all of the following:

- receives demand deposits and

time deposits , honors instruments drawn

on them, and pays interest on them;

discounts notes , makes loans , and invests

in securities ; collects checks , drafts , and notes; certifies depositor's checks; and

issues drafts and cashier's checks

The Banking System of

Ukraine

Banking system – is the system

of banks in a country, including commercial banks, merchant banks and the central bank

Banking System of Ukraine

The modern banking system is the most important sphere of national economy of any developed

country Banks are one of the main components of the system of

market structure The development

of their activities is a necessary

condition for the establishment of market mechanism.

The banking system of Ukraine was founded

after the adoption by the Verkhovna Rada of Ukraine in March 1991, the Law of Ukraine

“On Banks and Banking” It is a two-level

and consists of the National Bank of Ukraine and banks of various types and forms of

ownership including the state-owned Import Bank and a specialized commercial

Export-Savings Bank Today, Ukraine has 159 banks,

15 commercial banks with mixed capital,

among which 5 banks have 100% foreign

capital, and registered as Ukrainian

economic entities The National Bank of

Ukraine serves as the country's central bank

Commercial banks are formed as joint-stock

companies or as companies on an equal footing with both legal and natural persons involved The range of commercial banks activities includes:

receiving deposits of enterprizes, institutions and households, crediting of economic entities and households, investments in securities, formation

of cash balance and reserves, as well as other assets, cash and settlement servicing of the

economy, foreign exchange operations and other services to natural persons and legal bodies.

The banks act in accordance with the

Constitution of Ukraine, the Laws of

Ukraine "On the National Bank of

Ukraine", "On Banks and Banking", the

Ukrainian legislation on joint-stock

companies and other economic entities,

as well as with the normative regulations

of the National Bank of Ukraine and their Statutes.

According to the rating of banks by assets and liabilities at the end of 2009 the best

Bank account - an account held by an investor

at a financial institution The financial institution holds the money for the investor, leading to a positive or credit balance, or loans money to

the investor, leading to a negative or

debit balance Unlike a brokerage account,

which allows an investor to buy and sell

securities, a bank account is used for savings Types of bank accounts include savings

accounts and checking accounts.

What does an accountant do in

the bank?

He has to count everybody’s

money

in the bank and keep оn

а record how much they spend

Bank accountants, or an accountant for a bank,

perform most of the same functions of an accountant for any other type of business

Accounting is the classifying and recording of

financial transactions This is always the purpose and responsibility of the accountant regardless of what type of company employs him However, banks have small procedural differences that make them slightly different

from other businesses.

The bank accountant

is responsible for…

preparing the cash position of his organization on a daily,

weekly and monthly frequency

the accountant prepares the

cash reports and provides them

to management for review

preparing or assisting in the preparation of financial

statements at the end of each month and quarter

general accounting

closing the branch or branches' books at the end of each month

ensuring that the bank's accounting

practices, classifications and reporting adheres to compliance and regulatory standards

preparing and posting adjusting entries