THE FORMATION OF FINANCIAL ACCOUNTING
OF BUDGETARY INSTITUTIONS IN THE BUDGET ACCOUNTING MODERNIZATION

Olena Doroshenko

doi:10.5604/01.3001.0010.4725

THE FORMATION OF FINANCIAL ACCOUNTING OF BUDGETARY INSTITUTIONS IN THE BUDGET ACCOUNTING MODERNIZATION

International Journal of New Economics and Social Sciences ◽

10.5604/01.3001.0010.4725 ◽

2015 ◽

Vol 2 (2) ◽

pp. 59-65

Author(s):

Olena Doroshenko

Keyword(s):

Public Sector ◽

International Standards ◽

Financial Accounting ◽

Public Sector Management ◽

Budgetary Institutions

The article devoted to the issues of formation of the subsystem of financial accounting in budgetary institutions of Ukraine in the new contemporary conditions modernization of public sector management. The author examines the preconditions for budget accounting modernization in the context of to approaching to international standards.

Download Full-text

Measurement of public sector financial instruments in Russian and international standards systems

International Accounting ◽

10.24891/ia.24.7.740 ◽

2021 ◽

Vol 22 (7) ◽

pp. 740-760

Author(s):

Tat'yana Yu. DRUZHILOVSKAYA

Keyword(s):

Public Sector ◽

Critical Analysis ◽

International Standards ◽

Financial Accounting ◽

Financial Assets ◽

Financial Instruments ◽

Analogy Method ◽

Public Sector Organizations ◽

Degree Of Convergence

Subject. This article discusses the regulations regarding the assessment of financial instruments of public sector organizations in the systems of Russian and international standards. Objectives. The article aims to investigate the degree of convergence of regulations regarding the assessment of financial instruments in the Russian standards for public sector organizations with the rules of international standards. Methods. For the study, I used the methods of critical analysis, synthesis, comparison, observation, and the analogy method. Results. Based on a comparison of the regulations regarding the initial and subsequent assessment of various types of financial assets and financial liabilities in the Russian FSBU Standard Financial Instruments and IPSAS 29 Financial Instruments: Recognition and Measurement, the article identifies situations where the assessments of financial instruments of public sector organizations, conducted according to Russian and international standards, coincide or have differences. Conclusions and Relevance. It is advisable to further converge approaches to the assessment of financial instruments in Russian standards for public sector organizations and the IPSAS regulations. The results obtained have both applied and theoretical applications in the field of financial accounting.

Download Full-text