2025-05-19

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Charter of Accounts for Azerbaijan's Banking System and Methodical Guidelines

The Central Bank of the Republic of Azerbaijan issued Decision No. 32 on 25 December 2012 to establish a unified Charter of Accounts and Methodical Guidelines for the national banking system. This regulatory framework mandates compliance with International Financial Reporting Standards (IFRS) effective 1 January 2012, standardizing the recognition and classification of accounting operations for both the central bank and commercial credit institutions. The document details a five-part account structure covering assets, liabilities, capital, profit and loss, and off-balance sheet items, while specifying currency classifications, maturity thresholds, and distinct account symbols to ensure consistent financial reporting across all banking entities.

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Source: Central Bank of Azerbaijan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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