Accounting Practices Related to the Banking Industry. Network Settlements

Abstract

The complexity, completeness and particularities of the banking industry influence opposable accounting practices. Approaching accounting practices for settlements within the banking network assumes the identification of the internal component of the activity of the entities operating within this industry. The research approach is two-dimensional. The first dimension considers the conceptual and regulatory aspects specific to network settlements in the banking industry. The second dimension presents accounting practices opposed to settlements within the banking network. We believe that this approach will outline to the concerned parties of the banking industry a picture of the accounting practices specific to the transactions carried out at the individual and intrabank level.

Keywords

• credit institution
• accounting practices
• settlements
• banking network