Subject. This article discusses the issues of emergence and development of a new type of reporting, focused on meeting the information needs of various groups of users, and the establishment of new rules for the formation and disclosure of reporting indicators. Objectives. The article aims to reveal the features of the regulation of accounting (financial) statements of public sector organizations at the present stage in order to develop an original classification of reporting in the face of changing user requests. Methods. For the study, I used the methods of comparative analysis and classification. Results. The article describes the features of legislative and legal regulation of accounting statements of public sector organizations. It proposes a classification of types of accounting statements of public sector organizations on various grounds. This helps to better understand the essence, purpose and relationship of various types of reporting, as well as determine the logic and trends of their development. Conclusions and Relevance. The article concludes about the adaptation of the accounting and reporting system of public sector organizations to modern approaches to public finance management and development in accordance with the International Public Sector Accounting Standards (IPSAS). The results obtained can be used for further development of regulation of accounting (financial) statements of public sector organizations.
Keywords: financial statements, public sector entity, regulation, International Public Sector Accounting Standards, IPSAS
References:
Akasheva V.V., Manina N.V., Nikolaeva M.O. [Features of reporting formation in public institutions]. Vestnik Povolzhskogo gosudarstvennogo universiteta servisa. Seriya: Ekonomika = Vestnik of Volga Region State University of Service. Series: Economics, 2016, no. 1, pp. 175–181. (In Russ.)
Druzhilovskaya T.Yu., Druzhilovskaya E.S. [New conceptual framework for accounting and reporting of subjects of the public administration sector (To be concluded)]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2014, no. 9, pp. 10–17. URL: Link (In Russ.)
Druzhilovskaya T.Yu., Druzhilovskaya E.S. [New conceptual framework for accounting and reporting of subjects of the public administration sector (The ending)]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2014, no. 10, pp. 2–8. URL: Link (In Russ.)
Kulikova L.I. [The system of regulation of accounting and reporting in public sector entities: current state and prospects]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2021, no. 18, pp. 2–12. (In Russ.)
Malinovskaya N.V. [The concept of integrated reporting in public sector organizations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2017, vol. 20, iss. 11, pp. 644–658. (In Russ.) URL: Link
Samarukha V.I. [Development of public finances in the Soviet and post-Soviet period (to the 90th Anniversary of BSU)]. Izvestiya Baikal'skogo gosudarstvennogo universiteta = Bulletin of Baikal State University, 2020, vol. 30, iss. 4, pp. 497–506. (In Russ.) URL: Link.497-506
Karel'skaya S.N., Zuga E.I. [Credibility and informational limits of financial statements]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, vol. 17, iss. 9, pp. 32–44. URL: Link (In Russ.)
Kopylova E.K. [Internal control system as precondition of reliability of financial (accounting) statements for sustainable development of organization]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii (Baikal'skii gosudarstvennyi universitet ekonomiki i prava) = Baikal Research Journal, 2011, no. 2, p. 7. URL: Link (In Russ.)
Enkhbyar Choyzhil, Tsolmon Sodnomdavaa. [Possibility of detecting fraudulent practices in financial statements]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii (Baikal'skii gosudarstvennyi universitet ekonomiki i prava) = Baikal Research Journal, 2015, vol. 6, no. 4, p. 7. (In Russ.) URL: Link.7
Arbatskaya T.G. [Features of the normative approach of understanding truthfulness of accounting (financial) statements]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii (Baikal'skii gosudarstvennyi universitet ekonomiki i prava) = Baikal Research Journal, 2014, no. 5, p. 2. URL: Link (In Russ.)
Arbatskaya T.G. [Importance of inventory in ensuring accurate presentation of financial reporting by public sector entities]. Finansovyi zhurnal = Financial Journal, 2020, vol. 12, no. 2, pp. 96–110. (In Russ.) URL: Link
Vasil'eva M.B., Zandeeva N.D. [Reporting of State institutions in the light of new standards]. Dostizheniya nauki i obrazovaniya, 2018, no. 13, pp. 36–38. URL: Link (In Russ.)
Dombrovskaya E.N. [On the application of IFRS in the public sector of the Russian economy]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2012, no. 34, pp. 22–31. URL: Link (In Russ.)
Manichkina M.V., Kupina V.V. [About the problems of using the International Public Sector Accounting Standards as a tool for reformation of accounting and reporting of the budgetary sphere]. Politematicheskii setevoi elektronnyi nauchnyi zhurnal Kubanskogo gosudarstvennogo agrarnogo universiteta, 2017, no. 129, pp. 62–67. (In Russ.) URL: Link
Lartseva L. [A standard of presentation of general purpose financial statements]. Uchrezhdeniya kul'tury i iskusstva: bukhgalterskii uchet i nalogooblozhenie, 2017, no. 4, pp. 24–33. (In Russ.)
Romanova L. [Standard – Consolidated Reporting]. Silovye ministerstva i vedomstva: bukhgalterskii uchet i nalogooblozhenie, 2021, no. 2, pp. 42–47. (In Russ.)
Trofimova L.B. [Developing the classification of elements of financial statements prepared by public sector entities under transition to International Public Sector Accounting Standards]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2016, vol. 19, iss. 20, pp. 15–23. (In Russ.) URL: Link
Pichushkin A.V., Vershinskaya M.V. [Organization of verification of information placement]. Byudzhetnyi uchet, 2020, no. 11, pp. 26–29. URL: Link (In Russ.)
Vakhrushina M.A. [Management accounting as a modern accounting paradigm of the budgetary institutions]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2016, no. 1, pp. 74–89. URL: Link (In Russ.)
Garnov I.Yu. [A methodology to organize management accounting]. Rukovoditel' byudzhetnoi organizatsii, 2019, no. 11, pp. 39–44. (In Russ.)
Parasotskaya N.N. [Features of management accounting in educational organizations]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2014, no. 19, pp. 9–14. URL: Link (In Russ.)
Danilenko N.I., Zambrzhitskaya E.S., Yachmeneva E.D. [Problems of automation of accounting systems in modern organizations]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2020, no. 3, pp. 2–7. (In Russ.)
