{"id":21330,"date":"2026-02-02T14:44:09","date_gmt":"2026-02-02T12:44:09","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=21330"},"modified":"2026-02-02T14:44:09","modified_gmt":"2026-02-02T12:44:09","slug":"accounting-and-reporting-of-financial","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/accounting-and-reporting-of-financial\/","title":{"rendered":"Bodnar O., Horka L., Oreshko A. (2025). Accounting and Reporting of Financial Instruments in the Banking Sector. Modern Economics, 54(2025), 28-34. DOI: https:\/\/doi.org\/10.31521\/modecon.V54(2025)-04."},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> M41, G21<\/span><\/i>.<\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V54(2025)-04<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Bodnar Olena, <\/b>PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0000-0002-0152-4290<\/span><\/a>
\ne-mail: <\/strong>bodnaroa@mnau.edu.ua<\/span><\/a><\/p>\n

Horka Liudmyla, <\/b>higher education student, Accounting and Finance Faculty, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0009-0002-7380-2752<\/span><\/a>
\ne-mail: <\/strong>ludagorka2@gmail.com<\/span><\/a><\/p>\n

Oreshko Angelina,<\/b> higher education student, Accounting and Finance Faculty, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 00009-0004-5148-4073<\/span><\/a>
\ne-mail: <\/strong>angelinaoreshko16@gmail.com<\/span><\/a><\/p>\n

 <\/p>\n

Accounting and Reporting of Financial Instruments in the Banking Sector<\/b><\/p>\n

Abstract. Introduction<\/i><\/b>. Introduction. This paper examines the theoretical, methodological and practical foundations of the accounting and reporting of financial instruments within the banking sector, in the context of financial globalisation and regulatory transformation. It emphasises the importance of accurately recognising, measuring and presenting financial instruments to ensure the transparency, reliability and comparability of financial information in banks<\/span><\/i>.<\/span><\/i><\/p>\n

Purpose<\/i><\/b>. The study aims to substantiate methodological approaches to improving the accounting for and financial reporting of financial instruments in the banking sector in accordance with international standards (IFRS 7, IFRS 9 and IAS 32). The research focuses on identifying current challenges and defining key areas for improving the quality and analytical value of banking reports.<\/span><\/i><\/p>\n

Results<\/i><\/b>. The nature, categorisation and function of financial instruments in banking activities have been analysed. The regulatory framework governing the accounting and disclosure of financial instruments has been reviewed. The main practical implementation problems of IFRS requirements have been identified, particularly with regard to fair value measurement, the recognition of expected credit losses and the assessment of derivative instruments. The need for the automation and digital transformation of accounting systems, as well as the integration of analytical and artificial intelligence technologies, to improve risk assessment and reporting reliability has been emphasised<\/span><\/i>.<\/i><\/p>\n

Conclusions<\/i><\/b>. It has been established that the future development of the accounting and reporting of financial instruments in the banking sector depends on the harmonisation of national standards with IFRS, the digitisation of accounting processes, and the strengthening of the professional competence of specialists. The implementation of innovative technologies and analytical tools will enhance the transparency, comparability and efficiency of financial reporting within the banking system.<\/span><\/i><\/p>\n

Keywords<\/b>: financial instruments; accounting; reporting; banking sector; IFRS; fair value; digitalization.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Holov, S. F. (2014). Vdoskonalennia bukhhalterskoho obliku i zvitnosti v Ukraini v konteksti yevrointehratsii [Improvement of accounting and reporting in Ukraine in the context of European integration]. Bukhhalterskyi oblik i audyt, (1), 3-17. http:\/\/nbuv.gov.ua\/UJRN\/boau_2014_1_2.<\/span><\/li>\n
  2. Yelysieieva, O. K., & Neteta, A. O. (2015). Osoblyvosti skladannia finansovoi zvitnosti bankivskymy ustanovamy Ukrainy [Features of financial reporting preparation by Ukrainian banking institutions]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu, 11(3), 147-150. http:\/\/www.ej.kherson.ua\/journal\/economic_11\/119.pdf.<\/span><\/li>\n
  3. Yefymenko, T. I., Lovinska, L. H., & Yastremskyi, O. I. (2016). Monitorynh dotrymannia ta zabezpechennia mizhnarodnykh standartiv finansovoi zvitnosti: krashchi svitovi praktyky ta perspektyvy zaprovadzhennia v Ukraini [Monitoring compliance and ensuring international financial reporting standards: Best world practices and prospects for implementation in Ukraine]. https:\/\/afu.kiev.ua\/getfile.php?page_id=461&num=3.<\/span><\/li>\n
  4. Kovalevych, D. A. (2017). Orhanizatsiia finansovoho obliku v bankakh [Organization of financial accounting in banks]. Ekonomika i suspilstvo, 9, 988-991. https:\/\/economyandsociety.in.ua\/journals\/9_ukr\/170.pdf.<\/span><\/li>\n
  5. Mizhnarodnyi standart bukhhalterskoho obliku 32 \u201cFinansovi instrumenty: podannia\u201d [International Accounting Standard 32 \u201cFinancial Instruments: Presentation\u201d]. (2012). https:\/\/zakon.rada.gov.ua\/laws\/show\/929_032#Text.<\/span><\/li>\n
  6. Mizhnarodnyi standart finansovoi zvitnosti 9 \u201cFinansovi instrumenty\u201d [International Financial Reporting Standard 9 \u201cFinancial Instruments\u201d]. (2012). https:\/\/zakon.rada.gov.ua\/laws\/show\/929_009#Text.<\/span><\/li>\n
  7. Mizhnarodnyi standart finansovoi zvitnosti 7 \u201cFinansovi instrumenty: rozkryttia informatsii\u201d [International Financial Reporting Standard 7 \u201cFinancial Instruments: Disclosures\u201d]. (2012). https:\/\/zakon.rada.gov.ua\/laws\/show\/929_007#Text.<\/span><\/li>\n
  8. Slaviuk, R. A. (2015). Finansovi instrumenty: otsinka i vidobrazhennia u zvitnosti bankiv [Financial instruments: Evaluation and presentation in banks\u2019 reporting]. Kyiv: UBS NBU. https:\/\/financial.lnu.edu.ua\/wp-content\/uploads\/2020\/09\/1-Mono-2015-Sloboda-FI.pdf.<\/span><\/li>\n
  9. Fursova, V. A., Shalun, I. M., & Lazebna, I. R. (2018). Reformuvannia systemy bukhhalterskoho obliku v bankivskykh ustanovakh [Reforming the accounting system in banking institutions]. Ekonomika ta suspilstvo, 18, 1034-1044. https:\/\/doi.org\/10.32782\/2524-0072\/2018-18-143.<\/span><\/li>\n
  10. Khomovyi, S. M., Khom\u2019iak, N. V., & Tomilova-Yaremchuk, N. O. (2020). Rozvytok ta vplyv mizhnarodnykh norm obliku na formuvannia finansovoi zvitnosti v bankivskykh ustanovakh Ukrainy [Development and influence of international accounting standards on financial reporting formation in Ukrainian banking institutions]. Ekonomika ta upravlinnia APK, (2), 115-123. http:\/\/rep.btsau.edu.ua\/handle\/BNAU\/5956.<\/span><\/li>\n
  11. National Bank of Ukraine. (2018, December 26). On approval of the Instruction on accounting for transactions with derivative financial instruments in banks of Ukraine (Resolution No. 153). https:\/\/zakon.rada.gov.ua\/laws\/show\/v0153500-18#Text.<\/span><\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>11 November 2025<\/span><\/p>\n

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    Bodnar O., Horka L., Oreshko A. (2025). Accounting and Reporting of Financial Instruments in the Banking Sector. Modern Economics, 54(2025), 28-34. DOI: https:\/\/doi.org\/10.31521\/modecon.V54(2025)-04.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M41, G21. DOI: https:\/\/doi.org\/10.31521\/modecon.V54(2025)-04 [\/vc_column_text][vc_column_text]Bodnar Olena, PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine ORCID: 0000-0002-0152-4290 e-mail: bodnaroa@mnau.edu.ua Horka Liudmyla, higher education student, Accounting and Finance Faculty, Mykolaiv National Agrarian University, Mykolaiv, Ukraine ORCID: 0009-0002-7380-2752 e-mail: ludagorka2@gmail.com Oreshko Angelina, higher education student,
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