Features of formation of the statement of financial position public sector entity to meet the requirements IPSAS 1 «Presentation of financial statements»
The article deals with the features of construction of financial statements made up in accordance with the IFRS. The author, on the basis of the conducted comparison, advances a financial-position draft statement, adapted to the IFRS, and which takes into account the national peculiarities of budgetary reporting in the Russian Federation as well.
Keywords: IPSAS 1, presentation of financial statements, liquidity, targeted capital
References:
Kazakova N.A., Fedchenko E.A., Trofimova L.B. Sovremennye paradigmy i metody analiza i kontrolia biudzhetnoi effektivnosti [Modern paradigms and methods of analysis and control of budgetary efficiency]. Moscow, INFRA-M Publ., 2014, 270 p.
IPSAS 1 “Presentation of Financial Statements”. Available at: Link. (In Russ.)
RF Federal Law “On Accounting” of December 06, 2011 ¹ 402-FZ. (In Russ.)
Executive Order of the Ministry of finance of the Russian Federation “On Approval of the Procedure for preparation and submission of the annual, quarterly financial statements of the state (municipal) budget and autonomous institutions” of March 25, 2011 ¹ 33n. (In Russ.)
Executive Order of the Ministry of finance of the Russian Federation “On Approval of the annual , quarterly and monthly reporting on performance of budgets of the Russian Federation’s budgetary system” of December 28, 2010 ¹ 191n (as amended by Executive Order of October 26, 2012). (In Russ.)
