scholarly journals CURRENT TRENDS IN RESEARCH ON THE PROBLEMS OF ACCOUNTING, ANALYSIS AND AUDIT OF FIXED ASSETS OF THE PUBLIC SECTOR OF THE ECONOMICS IN THE PUBLICATIONS OF LOCAL SCIENTISTS

2021 ◽  
Author(s):  
Oleh Vysochan ◽  
Julianna Fok
Keyword(s):  
Public Sector ◽  
International Standards ◽  
Accounting System ◽  
Scientific Publications ◽  
The Public ◽  
Current Trends ◽  
Fixed Assets ◽  
Time Standards ◽  
Stage 1 ◽  
The Impact

The article examines the level of development of the topic and highlights current trends in research on accounting, analysis and audit of fixed assets in the public sector based on 26 publications of Ukrainian scientists published in professional journals over the past decade. The urgency of the problem is related primarily to changes in the methodology of accounting for fixed assets in connection with the adoption of National regulations (standards) of accounting in the public sector, adapted to international standards and their maximum approximation to the NR(S)A of commercial sector. It is proposed to distinguish the following stages in the recent history of research on budget accounting, analysis and audit of fixed assets: stage 1 (until 2014) – preparatory, related to the study of the impact developed at that time standards on the current state of the accounting system in the public sector; stage 2 (2015-2016) – transformational, during which scientists set themselves the goal of solving the problems of transition of budgetary institutions to new accounting standards; stage 3 (2017 – present) – modern, associated with the reorientation of the interests of scientists to address methodological issues related to the reflection in the accounting of fixed assets. Peak levels of publishing activity were observed after the introduction of basic regulations on the accounting of fixed assets in 2015 and 2017. A high degree of research into the problem of accounting for fixed assets in the public sector of the economy has been demonstrated, but with a significant tendency of modern scientists to use it as an information base for their own articles of legislation and educational literature. The problem of relatively low level of citation in the works of domestic researchers of scientific publications on the subject of fixed assets accounting is pointed out. Insufficient work has been established to reflect information on the availability and movement of fixed assets in the reporting of public sector entities, especially statistics, as well as the formation of indicators of primary documentation.

scholarly journals Accrual accounting and public finance reforms in Hungary: the study of application in the public sector

2020 ◽  
Vol 183 (5-6) ◽  
pp. 89-105
Author(s):  
Csaba Lentner ◽  
◽  
Petronella Molnar ◽  
Vitez Nagy ◽  
◽  
...  
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Historical Background ◽  
Accounting System ◽  
The European Union ◽  
Accrual Accounting ◽  
Public Funds ◽  
The Public ◽  
Table Analysis ◽  
The Impact

Introduction. The increasing measurability of performances in the public sector in the countries of the post-soviet region, including Hungary, has come to the limelight in recent decades. Accrual accounting, adopted in Hungary in 2014 on the recommendation of the European Union, provides decision-makers with reliable information and simultaneously improves transparency in spending. Purpose and Methodology. This study focuses on the impacts and synergies of the parallel comprehensive reforms in the public finances and the adoption of the accrual accounting system. We conducted an empirical research among 2425 budgetary organisations (during June 2018 - January 2019) and analysed the correlation between the variables with cross-table analysis. Our survey covered 19.1 per cent of all the budget organisations in Hungary. Thus, thanks to the sample size the survey results analysis gives a comprehensive view of the entire country based on the real feedback regarding the implementation of the new practices. Results. In the course of the survey, the organisations were asked to describe how they were affected by the transition to the new accounting system, how they had prepared for the statutory changes and compliance, what additional tasks the adoption of the new system required of them, and how they evaluated the impacts of the application of accrual accounting after five years. The inquiry focussed on the impact this new accrual-based accounting system had on the business management of the given organisation and thus the efficient use of public funds. The results confirm that the historical background and the peculiarities of managing public funds in a country should also be taken into account during the adoption of reforms along with thorough preparation. Our research also sheds light on the fact that the successful 2014 adoption of accrual accounting could achieve its full purpose in an environment ensured by comprehensive public finance reforms and laws adopted after 2010. In other words, the precondition of enforcing the new rules of accrual accounting applied in the public sector included the reinforcement of budgetary regulation and control procedures. Conclusion. The study reports more favourable public sector procedures, proves that the adoption of accrual accounting has been justified and that the higher focus on performance and efficiency achieved through accrual accounting is important.

APPROACHES TO THE VALUATION AND REVALUATION OF FIXED ASSETS ACCORDING TO RUSSIAN AND INTERNATIONAL STANDARDS

2021 ◽  
Vol 27 (3) ◽  
pp. 87-98
Author(s):  
V. Gonin ◽  
◽  
E. Panchenko ◽  
E. Kibireva ◽  
O. Nomokonova ◽  
...  
Keyword(s):  
Asset Management ◽  
Point Of View ◽  
International Standards ◽  
Historical Background ◽  
Accounting System ◽  
Historical Aspect ◽  
Management Procedures ◽  
Fixed Assets ◽  
The Cost ◽  
The Impact

Questions of valuation and revaluation of fixed assets in a market environment inevitably arise. This is due to the increased role of assessing the effectiveness of asset management. The harmonization of national and international accounting standards allows us to consider the assessment and revaluation processes, both from the point of view of the accounting system and from the point of view of the financial consequences of the procedures performed. The purpose of the study is to study the historical background and systematize approaches to the assessment and revaluation of fixed assets according to Russian and international standards. To achieve this goal, the following tasks are set: to study the methods and historical aspect of revaluation; to study the conceptual framework of revaluation and impairment; to systematize the general provisions of the methodology for assessing the value of fixed assets during revaluation and impairment. The object of the study is fixed assets. In the course of the study, the history of revaluation of the cost of fixed assets is considered, the conceptual apparatus of the cost of fixed assets is analyzed in relation to the procedures for revaluation and impairment testing, the methodology of revaluation and impairment is considered. The paper concludes that it is necessary to introduce into the practice of accounting and management procedures for assessing the value of fixed assets and revaluing them, which will allow us to obtain reliable information when analyzing the impact of cost changes on the indicators used in determining the effectiveness of activities

scholarly journals Accounting in the budgetary sector: problems of today

2019 ◽  
pp. 6-8
Author(s):  
Liudmyla HORDIEIEVA-HERASYMOVA
Keyword(s):  
Public Sector ◽  
Financial Reporting ◽  
International Standards ◽  
Information Support ◽  
Accounting System ◽  
Educational Support ◽  
Normative Documents ◽  
The Public ◽  
Public Sector Accounting ◽  
Budget Policy

Introduction. Currently, integration processes in the European and world community are underway in Ukraine. In this regard, the alignment of national accounting and financial reporting methodology in the public sector to international standards is a prerequisite for the implementation of Euro-integration processes. It is promotes effective analytical activities, enhances transparency of budgetary use, targeted use of borrowed funds. The purpose of paper is a study of theoretical and practical provisions of the organization of accounting in the budgetary sector, implementation of its reform and reflection of modern problems of its improvement. Results. Budgetary institutions are one of the relevant links in the budgetary sector. Accounting and financial reporting in them is determined by the legislation on the budget, the budget system, the basis of budget policy; appropriate public sector accounting guidance; other normative documents of the Ministry of Finance of Ukraine and the State Treasury Service of Ukraine. In the process of reform accounting in the budgetary sector, national public sector accounting standards have been developed that are consistent with international ones. A new, unified, public sector accounting plan has been built, and the level of transparency and openness of accounting has been improved. However, problems in the accounting and reporting system of public sector institutions remain. There is a need for final adaptation of the Ukrainian legislation on accounting and financial reporting to international requirements and compliance with changes in regulatory regulations; creation and implementation of an effective information and analytical accounting system and preparation of financial statements by public sector entities.. Conclusion. It is necessary to: improve the system of training and retraining of personnel of accounting and financial profile in the public sector, informational and educational support on measures of reforming the accounting of the budgetary sector, as well as introduction of an effective information system of accounting. Further adaptation of accounting in the budgetary sector to international standards promotes transparency in the management of public finances and allows to create a unified organizational and information support of accounting in the budgetary sector.

scholarly journals Ocena możliwości implementacji standardów IPSAS do systemu rachunkowości podmiotów sektora publicznego w Polsce

2017 ◽  
pp. 81-108 ◽  
Author(s):  
Aleksandra Szewieczek ◽  
Katarzyna Tkocz-Wolny
Keyword(s):  
Public Sector ◽  
Accounting Standards ◽  
International Standards ◽  
Synthetic Methods ◽  
Accounting System ◽  
Strong Embedding ◽  
The Public ◽  
Eu Member States ◽  
International Scope ◽  
Public Sector Accounting

Ocena możliwości implementacji standardów IPSAS do systemu rachunkowości podmiotów sektora publicznego w Polsce In recent years, there has been a noticeable increase in activity in the field of standardization of public sector accounting, which has an international scope and takes the form of the International Public Sector Accounting Standards (IPSAS). It has been planned that the EU Member States, and consequently Poland, will implement obligatory uniform accounting standards in the public sector – EPSAS – which are to be largely based on the content of IPSAS. The purpose of this paper is to assess the possibilities and factors of IPSAS implementation in the accounting system of public finance sector entities in Poland in relation to the currently applicable accounting regulations and the intelligibility criterion for potential users. The assessment was carried out based on a study of the foreign and domestic literature and existing legislation, while for the conclusions, the deductive and synthetic methods were used. The paper demonstrates that despite the relatively long period of operation of IPSAS, their level of implementation into the accounting system of public sector entities in Poland is negligible. The same applies to the works on the European standards, EPSAS, which have been significantly delayed in relation to the original assumptions. Knowledge of international standards is weak, and consequently their dissemination too. In spite of IPSAS implementation problems, there are still a number of reasons for their use. One of the arguments in favor of introducing uniform standards on the European market is the fact that the common market is in operation, and another one is the strong embedding of the need to consolidate the public sector’s international financial data at the central level of the Community. The conducted research confirmed the possibility of implementing IPSAS into Polish public sector entities’ accounting systems. However, that process should be connected with training and educational activities in the topic of IPSAS, and it is recommended that an authorized translation of IPSAS be made into Polish.

Theoretical essence and classification of non-current tangible assets

Ekonomika APK ◽  
2020 ◽  
Vol 314 (12) ◽  
pp. 29-37
Author(s):  
Nataliia Zdyrko ◽  
Oleksandr Chereshnevyi
Keyword(s):  
Public Sector ◽  
National Level ◽  
Empirical Method ◽  
International Standards ◽  
Practical Significance ◽  
Accounting System ◽  
Modern Approach ◽  
The Public ◽  
Tangible Assets

The purpose of the article is to investigate and determine the theoretical essence of non-current tangible assets and improve their classification in order to develop accounting science. Research methods. The research uses dialectical methods of cognition of processes and phenomena, analysis and synthesis - to substantiate and determine the theoretical and methodological principles of non-current tangible assets and their classification, monographic method - to analyze the evolution of domestic and foreign scientists on the problems of classification and definition of non-current tangible assets, empirical method is for a comprehensive assessment of the current state of the object of study, scientific abstraction - to summarize the results, draw conclusions and their own vision of the essence of non-current tangible assets and their classification. Research results. As a result of research on the nature and classification of non-current tangible assets revealed a modern approach to their interpretation and classification. The need to improve the existing classification of non-current tangible assets in the public sector of the economy on the example of budgetary institutions is identified. Scientific novelty: Theoretical provisions on the essence of non-current tangible assets, which are based on the experience and research of domestic and foreign scientists, as well as their own vision, have been further developed. An updated classification structure of non-current tangible assets for the public sector is proposed, based on the needs of managers and employees of the public sector of the economy. Practical significance. On the way to bringing the national accounting system to international standards, special attention should be paid to determining the theoretical nature of non-current tangible assets and bringing the classification of these assets to accounting needs not only at the national level but also at the level of international standards and requirements. Proposals for the classification of non-current tangible assets are proposed. Tabl.: 1. Figs.: 4. Refs.: 13.

scholarly journals ENHANCEMENT OF PUBLIC ACCOUNTABILITY FINANCIAL REPORT OF THE PUBLIC AREA - REALITY AND RECOMMENDATIONS

2020 ◽  
Vol 37 (01) ◽  
Author(s):  
CAO THI CAM VAN ◽  
TRUONG A BINH
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
State Agencies ◽  
Accounting System ◽  
Public Accountability ◽  
Budget Management ◽  
Public Accounting ◽  
State Budget ◽  
The Public ◽  
The Impact

The reform of the public accounting system towards financial transparency and the enhancement of public accountability is an inevitable trend of most countries in the process of economic integration, in Vietnam, after 10 years in implementation of the public financial management reform project, the Vietnam public sector has also achieved significant achievements in financial management, especially public sector accounting information, which has been increasingly publicized, more transparent, people's confidence in the State as well as State agencies is strengthened. However, it is undeniable that Vietnam's public accounting system is still limited, inadequate, information provided by the public accounting system has not improved the accountability of State agencies, and the violations in State budget management still exist. Enhancement ofpublic accountability of Vietnam State agencies is not only an urgent requirement from the national situation to effectively manage and use budget resources but also the requirements of economic relations through the integration process. Therefore, this article mainly explores in depth the factors affecting the accountability of financial reporting of the units public sector in Vietnam, thereby measuring the impact of factors, proposing appropriate solutions and policies to promote the accountability of public agencies in State budget management.

scholarly journals Long-term effectiveness of elderly health care voucher scheme strategies: a system dynamics simulation analysis

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Ka Chun Chong ◽  
Hong Fung ◽  
Carrie Ho Kwan Yam ◽  
Patsy Yuen Kwan Chau ◽  
Tsz Yu Chow ◽  
...  
Keyword(s):  
Primary Care ◽  
Chronic Disease ◽  
Public Sector ◽  
System Dynamics ◽  
The Elderly ◽  
Healthcare Services ◽  
Dynamics Simulation ◽  
Public And Private ◽  
The Public ◽  
The Impact

Abstract Background The elderly healthcare voucher (EHCV) scheme is expected to lead to an increase in the number of elderly people selecting private primary healthcare services and reduce reliance on the public sector in Hong Kong. However, studies thus far have reported that this scheme has not received satisfactory responses. In this study, we examined changes in the ratio of visits between public and private doctors in primary care (to measure reliance on the public sector) for different strategic scenarios in the EHCV scheme. Methods Based on comments from an expert panel, a system dynamics model was formulated to simulate the impact of various enhanced strategies in the scheme: increasing voucher amounts, lowering the age eligibility, and designating vouchers for chronic conditions follow-up. Data and statistics for the model calibration were collected from various sources. Results The simulation results show that the current EHCV scheme is unable to reduce the utilization of public healthcare services, as well as the ratio of visits between public and private primary care among the local aging population. When comparing three different tested scenarios, even if the increase in the annual voucher amount could be maintained at the current pace or the age eligibility can be lowered to include those aged 60 years, the impact on shifts from public-to-private utilization were insignificant. The public-to-private ratio could only be marginally reduced from 0.74 to 0.64 in the first several years. Nevertheless, introducing a chronic disease-oriented voucher could result in a significant drop of 0.50 in the public-to-private ratio during the early implementation phase. However, the effect could not be maintained for an extended period. Conclusions Our findings will assist officials in improving the design of the EHCV scheme, within the wider context of promoting primary care among the elderly. We suggest that an additional chronic disease-oriented voucher can serve as an alternative strategy. The scheme must be redesigned to address more specific objectives or provide a separate voucher that promotes under-utilized healthcare services (e.g., preventive care), instead of services designed for unspecified reasons, which may lead to concerns regarding exploitation.

Public Sector Employment, Quality of Government, and Well-Being: A Global Analysis

2021 ◽  
pp. 223386592110117
Author(s):  
Robert Davidson ◽  
Alexander Pacek ◽  
Benjamin Radcliff
Keyword(s):  
Public Sector ◽  
Global Analysis ◽  
Well Being ◽  
Subjective Well Being ◽  
Cross Sectional ◽  
Political Factors ◽  
The Public ◽  
Employment Quality ◽  
The Impact

While a growing literature within the study of subjective well-being demonstrates the impact of socio-political factors on subjective well-being, scholars have conspicuously failed to consider the role of the size and scope of government as determinants of well-being. Where such studies exist, the focus is largely on the advanced industrial democracies of the Organization for Economic Co-Operation and Development. In this study, we examine the size of the public sector as a determinant of cross-national variation in life satisfaction across a worldwide sample. Our findings strongly suggest that as the public sector grows, subjective well-being increases as well, conditional on the extent of quality of government. Using cross-sectional data on 84 countries, we show this relationship has an independent and separable impact from other economic and political factors.

Up the Garden Path? Enterprise Bargaining and Decentralization in the NSW Public Sector

1995 ◽  
Vol 37 (2) ◽  
pp. 203-217 ◽  
Author(s):  
Michael O'Donnell
Keyword(s):  
Public Sector ◽  
New South ◽  
Industrial Relations ◽  
New South Wales ◽  
Green Paper ◽  
Garden Path ◽  
Reform Agenda ◽  
The Public ◽  
South Wales ◽  
The Impact

Decentralizing industrial relations within New South Wales is a central recom mendation of the Niland Green Paper (1989). Decentralism also represents the cornerstone of the New South Wales government's industrial relations reform agenda enshrined in the New South Wales Industrial Relations Act 1991. To date there has been little analysis of the impact o f this legislative change on industrial relations in the New South Wales public sector. This paper provides a case study that examines the degree to which responsibility for bargaining has been devolved within the Parks and Gardens of the New South Wales Ministry for the Environ ment. It argues that, in contrast to the rhetoric of the New South Wales Act, the central agency presiding over the introduction of enterprise bargaining in the public sector, the Public Employment and Industrial Relations Authority; has been reluctant to delegate responsibility to parties in the workplace.

Developments and challenges in public sector accounting

2014 ◽  
Vol 26 (2) ◽  
pp. 345-366 ◽  
Author(s):  
Félix Madrid García
Keyword(s):  
Public Sector ◽  
Role Model ◽  
Financial Statements ◽  
The Public ◽  
Additional Information ◽  
Management Indicators ◽  
Fixed Assets ◽  
Public Sector Accounting ◽  
Accounting Convergence

What could be dubbed traditional public sector accounting was adequate for the public sector as it existed up to the late 1980s. When it became evident that this type of accounting no longer sufficed, attention turned to seeking a role model in business accounting that differed significantly from public sector accounting. Despite the move of public sector accounting towards business accounting practices, some issues still remain unresolved. The accounting treatment of fixed assets is the question which has perhaps generated the most literature. Today much ground has been covered; however, to be modern and effective, public sector accounting has still to grapple with three important challenges: standardisation and accounting convergence; consolidation of financial statements; and management indicators and additional information for disclosure.

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