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Particularities of Accounting for Client Crediting Operations

Author

Listed:
  • Ilie Răscolean

    (University of Petroşani, Romania)

  • Ileana-Sorina Rakos

    (University of Petroşani, Romania)

Abstract

Credit operations by credit institutions for customers generate the bulk of their revenue through interest and commissions. At the same time, these operations also involve high financial risks, with credit risk being the most important financial risk faced by credit institutions. Accounting for loans to customers ensures that credit operations are reflected by credit categories according to their purpose and destination. In the paper are presented the accounts of Class 2 Operations with Clients with which the clients' credit operations are reflected by categories and types of credits depending on the purpose of the assignment and their destination. Two types of credits, discount credit and a personal loan granted in CHF are presented, with their particulars being reflected in the accounting of the grant, the reimbursement, the collection of the interest and the related commissions.

Suggested Citation

  • Ilie Răscolean & Ileana-Sorina Rakos, 2016. "Particularities of Accounting for Client Crediting Operations," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(2), pages 129-138.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:2:p:129-138
    as

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    References listed on IDEAS

    as
    1. Maria MACRIS & Mariana MAN, 2014. "Approaches To The International Capital Flows In The Globalized Economy," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 36(1), pages 117-124, December.
    2. Mariana Man & Liana Gădău, 2011. "The Profit and Loss Account Through the Romanian Accounting Regulations. From European to International," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(2), pages 167-176.
    3. Mariana Man & Raluca Elisabeta Felea, 2007. "A Study Regarding the Re-treatment of the Balance Sheet and of the Profit and Loss Account under Circumstances of Inflation and Hyper-inflation Approached According to the Conception of International ," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 7, pages 225-242.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    credit institutions; loans; current accounts; discount; lump-sum; factoring; treasury; interest; attached receivables; clientele; credit risk;
    All these keywords.

    JEL classification:

    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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