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Adequate administration of the bank requires management not only to know well the financial status of the institution, but also to plan and control the operational processes and to take managerial decisions about the efficient allocation and utilization of the available resources. New requirements are set up aimed at provisioning of information in the bank management system, but also new challenges arise in relation to the accounting and information process for budget planning, accountability and control in order ...

Functioning of the modern economy and society is unthinkable without a well-functioning banking system. The modern commercial banks are key component of the financial system because of their role and position in the credit intermediation in our country. They are financial mediators who operate not only with their own funds, but above all with public capital. Banks buy and sell money by accepting on different accounts the free funds of their clients and grant them to those customers having need of. Banks earn from ...