Accounting for financial instruments

One of the main issues of accounting in credit institutions is the accounting of derivative financial instruments. The article covers the development of internal documents (Regulation No. 372-P dated July 4, 2011), the development and implementation by the bank of its own procedure for identifying an active market, and approaches to determining the fair value of derivatives. The article also discusses the subtleties of accounting for derivative financial instruments in assessing, changing and recognizing fair value, as well as derecognizing, accounting for swap and collateral transactions, accounting for deliverable derivatives.