ACCOUNTING AND AUDIT
LOVINSKA Ljudmyla 1
1Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0001-5427-7185
Classification of the public sector accounts by economic content in the context of introduction of a new plan of accounts
Classification of Accounts by economic content - is one of the traditional approaches in accounting theory to the study of the semantic aspect of generalization of information on economic activity, which is based on the use of double entry. Introduction of a new plan of the public sector accounts actualizes its practical value. The article examines the factors that were decisive in the construction of the Plan of the public sector accounts. A new interpretation of classifications of accounting objects in the public sector is suggested, in particular to clarify the nature of business processes. It is highlighted unexplored theoretical aspects of determination of accounting objects in the public sector, such as capital of budget institution. The approaches to the classification of assets and liabilities, income and expenses are analyzed in accordance with the Budget Code of Ukraine, the World Bank Guidance on the government finance statistics, international and national accounting standards. The sub-accounts and budget classification codes are compared and their relation is considered.
Keywords:accounting, public sector, public institutions, state budget, assets, capital, liabilities, income, expenses, accounts classification for economic content.
JEL: Н63, Н83, М41
Lovinska L. . Classification of the public sector accounts by economic content in the context of introduction of a new plan of accounts / L. . Lovinska // Фінанси України. - 2016. - № 1. - C. 99-115.
| Article original in Ukrainian (pp. 99 - 115) | Download | Downloads :1606 |
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