Accounting Needs

Date: 2015-10-07; view: 428.

In managing your bank, you will need an accounting system to determine how your decisions are likely to affect the bank's profitability. The most important account is the balance sheet. This shows at any given moment, the bank's assets (what it owns), its liabilities (what it owes to others), and its net worth (what belongs to the owners). Net worth, or equity, is equal to assets minus liabilities. Your equity should remain positive and preferably growing. If it ever gets too low relative to total assets, your regulator may close the bank.

If your bank does well, the balance sheet will expand with new assets and liabilities. The equity should also increase, assuming you retain some of the profits in the bank rather than pay them all out as dividends to the owners.

(1828 symbols)

Vocabulary list:_________________________________________________

equity – собственный капитал

the owner's stake – доля собственника

charter - чартер (документ на право ведения операций)

clear checks – осуществлять клиринг чеков

withdrawal – снятие денег

expenses - расходы

allocate – размещать, распределять

term loans – срочные займы

competitive – конкурентоспособный

credit risks – кредитный риск, вероятность невыплаты кредита в срок

interest charges – процент по займам, расходы по займам

principal – основная сумма

accounting system - система учёта и отчётности; (автоматизированная) система бухгалтерского учёта

balance sheet - баланс (отчёт об активах и пассивах предприятия)

net worth – чистая стоимость

assets and liabilities – активы и пассивы

total assets - сумма баланса, общая стоимость имущества