Accounting,analysis and audit of credit operations for credit risk management in JSC "KredoBank"
Students Name: Zavoritnii Mykola Vasylovych
Qualification Level: master (ESP)
Speciality: Accounting and Taxation
Institute: Institute of Economics and Management
Mode of Study: full
Academic Year: 2020-2021 н.р.
Language of Defence: ukrainian
Abstract: Zavoritnii M. V., Yaremko І. Yo. (supervisor). Accounting. analysis and audit of credit operations for credit risk management in JSC «KredoBank» – Lviv Polytechnic. Master’s thesis – Lviv Polytechnic National University, Lviv, 2021. Extended abstract The essence, types and forms of credit risks and a system of minimization of credit bank are investigated. The signs of risks in lending processes are systematized and analyzed by credit risk management. The content of the concepts of "credit risk" and "credit risk management", which are used in credit risk management, is carried out. The content, parameters and objects of accounting in the field of credit risks, as well as approaches and methods of analysis and audit in the field of credit risk management are given. In the master’s studio, research is based on work out scientific and theoretical developments and research tools, which includes the result of an analysis of articles, dissertations, textbooks, manuals and other scientific sources based on defined profile and approved by the topic of work. In this study, the credit risk is considered as the degree of uncertainty and the emergence of undesirable events in the implementation of loan agreements. [1, 2, 3]. At the same time, it is argued that in a modern crisis economy it is necessary to improve the system of accounting, financial and economic analysis and audit. The proposals we are in the relevant direction of scientific works of domestic and foreign scholars [4, 5, 6, 7]. In its scientific works, researchers reveal content, characteristics and types of credit risks in banking activities; Improve the classification of factors of their occurrence; reveal the essence of regulating the credit risks of banks, formulating their principles, determine the functions and specify the stages; Conduct an analysis of the current state, trends and problems of regulation of credit risks and credit operations. Consider the basic principles of bank lending, the procedure for issuing and repayment of bank loans and provide practical recommendations for reducing credit risk in banks that operate in the realities of the Ukrainian market economy [5, 6, 7, 8, 9]. The position of both Ukrainian and foreign scientists regarding compliance with the current conditions of the existing risk theory, on the basis of which it is concluded that there is a single position on the interpretation of the nature of risk, which makes a fairly difficult definition of this category [7, 8]. Therefore, in the Master’s work, the interpretation of the essence of credit risks and credit operations is analyzed and on this basis, the own characteristics of these categories, which extends the existing parameters of these parameters, are formulated [9]. Study object – The object of studying master’s work is theoretical principles and methods of accounting, analysis and auditing of credit operations in the system of credit risk management. Scope of research – The subject of research is the organization of accounting, analysis and auditing of credit operations in JSC «KREDOBANK». Goal of research: The purpose of the master’s work is a critical analysis of theoretical and practical principles of accounting, analysis and audit of credit operations and disclosure of their impact on the efficiency of credit risk management. In order to ensure the goal in the work systematized by scientists the directions of improvement of the methodology of accounting, analysis, control of credit operations and related risks. Briefly put research results. In the master’s work, the theoretical principles of accounting, analysis and audit of credit operations as an informational basis for managing credit risks in institutions due to banking activities are revealed. The practical application of these principles is based on practical activity in this area of JSC "KREDOBANK". A study of the practice of organization of accounting, analytical and audit information in this banking institution was conducted. Based on the analysis, the main elements of credit policy in the field of organization and regulation of management processes by credit risks are revealed. Recommendations for improving accounting procedures, control and analysis techniques for obtaining more reliable and analytical information on credit operations and credit risks are proposed. In particular, the introduction of innovative means and modern computer programs for accounting and their integration with an automated banking system used in JSC "KREDOBANK" is proposed. In this case, changes are also proposed in the general accounting system of the basic banking institution. Some aspects of the improvement of accounting of credit operations and credit risks in the system of synthetic and analytical accounting and off-balance sheet operations are formulated. Proposals are formulated to improve the methodology of accounting by the proposed approaches to automation of credit operations and the definition of credit risks in JSC "KREDOBANK". Keywords: Credit Risks, Banks, Credit Risk Factors, Credit Risk Regulation, Credit Process, Active Banking Operations, Credit Operations, Credit Policy. References. 1. Principles for the Management of Credit Risk. – Available at: www.bis.org/publ/bcbs54.htm. 2. Kots O., Ilchuk P. (2019) Taking risk factors into account when assessing bank’s financial stability – International Journal of New Economics and Social Sciences. 85-93. DOI:10.5604/01.3001.0013.8090. 3. Moroz N.V., Seletska T.A. (2019) Classification of credit risk. М34 Materials of the International Scientific and Practical Conference «Universum View 13. Economics and management».– Vinnitsa: Ltd «Nylan». 145-146. DOI:10.32983/2222-4459-2019-7-272-278 4. Blaschke W., Jones T., Majnoni G.,. Peria Stress S-M. (2011) Testing of Credit Risk: An Overviev of Issues, Methodologies, and FSAP Experience IMF Working Paper. 114 5. Vartsaba V.I. Mashiko K.S. (2016) Accounting in banks (in tables and schemes): teaching. Manual. – Uzhhorod: UzhNU Publishing «Hoverla». 184 6. Koliesnichenko A. S. (2016) Bank’s accounting policy and budgetary institution in the context of the management process: Single-comparative aspect – Economic Bulletin of Prydia. 94-100. 7. Rysin V. (2014) Resource policy of banks with foreign capital in Ukraine: peculiarities and priorities – Ekonomika. 45-58. 8. Haidarzhyiska O.M., Chernikova O.H. (2014) Directions of improvement of credit risk management – Problems of increasing infrastructure efficiency 47-50. 9. Partyn H. O., Didukh O. V. (2020) Outsourcing risk management // Risk Management in the Financial Sector: Collection of Theses of the International Scientific and Practical Conference, December 6-7 2019 р., Lviv. 18–19.