Accounting of Banking Operations

At the end of this comprehensive introductory course, the participant will be able to:

• understand the structure of the annual accounts (balance sheet and off-balance sheet, profit and loss account) of a bank

• understand in parallel the differences with the general accounting of a company

• locate the position of operations

• understand and account for banking and money transactions (including payment transactions, savings account and term deposit accounts, loans and interbank placements) of a universal bank

• perform the registration in accounting of banking transactions

• establish an accounting in multicurrency

• assimilate the usefulness of linkage accounts (position and countervalue position) and how to deal with them

• understand what constitutes spot and forward foreign exchange transactions

• apply the notion of multi-currency accounting to the main banking transactions (including payment in foreign currencies, term deposits,interbank transactions, customer loans, securities transactions)

• learn to calculate and account for a foreign exchange result

• establish a first link between LuxGaap accounting and IAS / IFRS accounting

• locate the necessary sources of legal and accounting information