Roles of management accounting in bank
Posted by Ripon Abu Hasnat on Tuesday, February 2, 2016 | 0 comments
The management accounting function of a bank in conjunction, need to apply competitive bank management skills in order to remain competitive in their industry and maximize profits that may enhance competitiveness to adapting to analyzing bank performance and establishing profitability and risks; managing interest rate risks; managing the cost of funds, bank capital and liquidity; managing credit given to customers and managing the investment portfolio.
Banks uses the management accounting information to improve towards achieving the organizational goal and objectives; and to control over its expenditure. It is effective in minimizing cost, enhancing profitability, curtails overhead cost and recovers non-performing loans, and beef-up shareholders fund.
Banks uses the management accounting information to improve towards achieving the organizational goal and objectives; and to control over its expenditure. It is effective in minimizing cost, enhancing profitability, curtails overhead cost and recovers non-performing loans, and beef-up shareholders fund.
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