Creating the conceptual essence of reporting public sector entities
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Plechanov Russian University of Economics
2PEI HE Moscow University by S.U. Witte
Financial University under the Government of the Russian Federation
Lomonosov Moscow state university
St. Petersburg State Economic University
Tyumen State University, Tyumen
Online publication date: 2018-06-26
Publication date: 2018-06-26
Eurasian J Anal Chem 2018;13(4):emEJAC04333
The article analyzes a number of Russian institutions that influence the development of the conceptual framework for public sector reporting. The authors justify the need to refine the draft document "The conceptual basis of accounting and reporting for public sector organizations", published on the website of the Ministry of Finance of the Russian Federation. The article develops a modern conceptual concept of reporting public sector entities, based on a new classification of legal entities in the norms of the Civil Code of the Russian Federation. The authors used institutional methodology in the formation of the concept of reporting entities of financial statements of public sector organizations, developed in the context of the transition to international financial reporting standards of the public sector (hereinafter - IPSAS). This methodology is based on the analysis of the regulatory framework of various related institutions: budget accounting, law, IPSAS and other economic, legal, social and international institutions.