Konsep Dasar Akuntansi Perbankan || Unmaha || 2021

Summary

In this video, Nova Joko Baskoro introduces the concept of banking accounting, explaining its core principles and systems. He outlines the key aspects, such as the importance of accurate asset and liability tracking, and highlights the basic principles of accrual-based cost recording and cash-based revenue recognition. The video also touches on the banking law (Law No. 7/1992) and its amendments, detailing banking information systems, including core banking systems (GPS) and delivery systems like ATMs. Overall, it provides valuable insights into how banking accounting supports financial decision-making, control, and compliance.

Takeaways

• 😀 Accounting in banking involves recording, analyzing, and reporting financial transactions and activities.
• 😀 Banking accounting refers specifically to the management of financial transactions within a bank, including asset and liability tracking.
• 😀 Banks use various accounting systems, including management systems, hosting systems, monitoring systems, and reporting systems for monetary authorities.
• 😀 Key elements of banking accounting include detailed records of assets, liabilities, profitability, efficiency, internal controls, and data for monetary authorities.
• 😀 The first principle of banking accounting is accrual-based expense recording, which reflects ongoing transactions daily.
• 😀 The second principle is cash-based income recording, where income is mainly derived from loans, and the amount depends on how long the credit is used.
• 😀 Benefits of banking accounting include providing financial information, supporting decision-making, controlling finances, and preventing bank insolvency.
• 😀 The Banking Act No. 7 of 1992 regulates Indonesia’s banking system, with amendments in 1998 to promote national development and community welfare.
• 😀 Indonesia’s banking information system is divided into two main functions: operational support systems for transaction processing and management support systems for decision-making.
• 😀 The two frameworks used in the banking business are the core banking system (GPS) for processing transactions and the delivery system (BJB) for customer access to services, like ATMs and phone banking.

Q & A

What is the definition of banking accounting?

Banking accounting refers to the activity of recording, analyzing, and reporting financial transactions that occur within a bank. It involves documenting the financial status and transactions related to the bank's operations.

What are the four systems that banking accounting involves?

The four systems involved in banking accounting are: 1) Management accounting system, 2) Hosting system, 3) Supervision system, and 4) Reporting system to monetary authorities.

What are the fundamental principles of banking accounting?

The basic principles of banking accounting include: 1) Recording expenses on an accrual basis, 2) Recording revenue on a cash basis, and 3) Maintaining clarity in reporting transactions such as credit and deposits.

What is the role of accrual accounting in banking?

Accrual accounting in banking ensures that expenses are recorded continuously as transactions occur, reflecting the true financial picture of the bank. For instance, the cost of funds is recorded based on the duration those funds are used by customers.

What is the principle of cash-based income recognition in banking?

Cash-based income recognition means that revenue is recorded when cash is actually received. This often applies to loans and other financial products where income is generated based on how long a customer holds a credit or deposit.

What are some benefits of banking accounting?

The benefits of banking accounting include: 1) Providing financial information, 2) Supporting decision-making, 3) Serving as a financial control tool, 4) Facilitating financial evaluations, 5) Ensuring financial stability, and 6) Preventing bankruptcy.

How does banking accounting contribute to financial decision-making?

Banking accounting provides crucial financial data that helps banks and other financial institutions make informed decisions, such as evaluating the financial health of the institution, setting interest rates, and managing risk.

What is the significance of the 1992 Banking Law in Indonesia?

The 1992 Banking Law (Law No. 7/1992) was enacted to ensure the creation of a just and prosperous society in Indonesia. It serves as a foundation for the regulation and supervision of banks, promoting national development based on family values. The law was later amended in 1998 to adapt to evolving needs.

What is the difference between an 'operation support system' and a 'management support system' in banking?

An operation support system is designed to handle transaction processing, such as managing loans, savings accounts, and other banking services. A management support system, on the other hand, provides information to help management make decisions at different levels of the bank.

What is the function of the Core Banking System (CBS) in banking?

The Core Banking System (CBS) is the central application that processes banking transactions such as credits, loans, deposits, and other services. It is crucial for managing customer data and ensuring that banking operations run smoothly.