Foreign experience in accounting reform in the public sector

Marianne Koshchynets
Lecturer, Department of Economics and Legal Disciplines, National Academy of Internal Affairs, e-mail:kmarianna80@ukr.net

Cite this article:

Koshchynets, M. (2015), Foreign experience in accounting reform in the public sector. Ed.: M. Zveryakov (ed.-in-ch.) and others [Zarubizhnyi dosvid reformuvannia bukhhalterskoho obliku v derzhavnomu sektori; za red.: M. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 2, No. 57, pp. 71–78.

Abstract

The article examines the international experience of harmonization of accounting regulations with international accounting in the public sector in Switzerland, France and the UK. The features of the process that must be taken into account when reforming accounting in Ukraine are investigated. Principal positions of international accounting standards to be fixed in national public sector accounting standards, namely the principles of accounting in general and in particular the principle of accrual, which is the basis of the method of calculation, and is a base for international accounting standards in the public sector.

Keywords

international accounting standards; the public sector; budgeting; accrual; International Federation of Accountants; harmonization of financial reporting.

JEL classification: H610

UD classification: 3.33.336.1

References

1. «Prosperous Society, Competitive Economy, Effective State: A program of economic reforms of Ukraine on 2010–2014» [Zamozhne suspilstvo, konkurentospromozhna ekonomika, efektyvna derzhava: prohrama ekonomichnykh reform Ukrainy na 2010–2014 roky], available at: http://www.president.gov.ua/docs/Programa_reform_FINAL_1.pdf
2. Lovinska, L. G., Sushko, N. I., Sirko, S. V. and others (2013). Ed. by L. G. Lovinska «Accounting and control of the public sector in the modernization of public financial management: in 2 vol. Vol. 1: « Reform of accounting in the public sector according to international standards» [Bukhhalterskyi oblik i kontrol derzhavnoho sektoru v umovakh modernizatsii upravlinnia derzhavnymy finansamy: u 2 tomakh. Tom 1: Reformuvannia bukhhalterskoho obliku v derzhavnomu sektori vidpovidno do mizhnarodnykh standartiv], DNNU «Academy of Financial Management», Kyiv, 568 p.
3. Lovinska, L. G., Stefaniuk, I. B. (2006), «Accounting and financial control in the current economic conditions in the Ukraine» [Orhanizatsiia bukhhalterskoho obliku ta finansovoho kontroliu v suchasnykh umovakh hospodariuvannia v Ukraini], NDFI, Kyiv, 240 p.
4. Yefymenko, T. I., Lovinska, L. H., Svirko, S. V., Levytska, S. O. and other (2010). Ed. by F. O. Yaroshenko «Information support of public finance management»: in 2 vol. Vol. 1: «Standardization of budget accounting as a tool of public finance modernization of Ukraine» [Informatsiyne zabezpechennia upravlinnia derzhavnymy finansamy], DNNU «Academy of Financial Management», Kyiv, 226 p.
5. «International Public Sector Accounting Standards», available at: http://en.wikipedia.org/wiki.
6. Tandberh, E., Paveshich-Shkerlep, M. (2008), «Progressive reforms in public financial management in South-Eastern Europe: IMF Working Paper 2008» [Peredovye reformy v upravlenii gosudarstvennymi finansami v Jugo-Vostochnoy Evrope: rabochiy dokument MVF 2008 g.], available at: www.gosman.ru
7. «The study of international experience in accounting and financial reporting in the public sector: a report on the traineeship [Izuchenie mezhdunarodnogo opyta vedeniya bukhgalterskogo ucheta i sostavleniya finansovoy otchetnosti v sektore gosudarstvennogo upravleniya: otchet o prohozhdenii stazhirovki], available at: www.roskazna.ru/STOR/ 22072010ot.dos
8. Galuzina, S. M., Pupshis, T. F. (2006), «International accounting and audit» [Mezhdunarodnyy uchet i audit], Peter, St. Petersburg, 272 p.