№ 8/2017

№ 8/2017

Fìnansi Ukr. 2017 (8): 58–79https://doi.org/10.33763/finukr2017.08.058

ACCOUNTING AND AUDIT

LOVINSKA Ljudmyla ¹

¹Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0001-5427-7185

The cost price of public sector of Ukraine services in the context of financial management reform

The article reveals the importance of the cost of services provided by public sector entities – budget spenders in the public financial management system of Ukraine and describes its place and role in the disclosure of the activities of the public sector entity in the financial statements in accordance with international standards. It is noted that the main objectives of financial reporting on recipients’ information needs are to create conditions for accountability of the public sector entity and provide information support for decision-making. It is proved that in accordance with international standards, the concept of services is a key to building both a system of accounting and financial reporting based on its data. The article discloses the connection of the financial results of the activity of the public sector entity with the achievement of the goals to provide services to the population and the effectiveness of the use of budget resources in this case. The author considers the disclosure of financial results and its component definitions, including the cost of manufactured products or services that are used in accordance with the international financial reporting standards of companies, and ways in which these approaches are used in the development of international accounting standards in the public sector. It is proved that the emphasis on disclosures in the financial reporting of Ukraine’s public sector according to national standards is in compliance with the rules of budget spending and the effectiveness of public services remains out of sight, so the cost of public services is not methodologically appropriate. The author highlights modern accounting in the public sector of Ukraine and proposes areas of research and practical implementation of their results to create the necessary prerequisites for the implementation of accounting budgetary institutions costing the services they provide. Thus, the main attention should be focused on the study of the nature of public services and features they provide, the development of the public services classifier with defined groups of services, costing which will take place in the element and the itemized breakdown, to improve the mechanism for budgeting, given the need to use the indicator of the cost of public services. The article considers methodology for calculating the cost of public services.

Keywords:public sector, service, standards, finance, accounting, financial reporting, program-target method, strategy, cost.

JEL: Н83, М41, М48.

Lovinska L. . The cost price of public sector of Ukraine services in the context of financial management reform / L. . Lovinska // Фінанси України. - 2017. - № 8. - C. 58-79.

Article original in Ukrainian (pp. 58 - 79)

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