Analyzing Conceptual Foundations of International and Russian Standards of Finance Accounting in Public Sector
The article studies elements and items of finance accounting adopted by concepts of finance accounting in public sector for ISFA and Russian conceptual foundations of public sector organizations. In researching ISFA concepts of public sector and Russian state sector the author pointed out to certain...
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2023-04-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
| Subjects: | |
| Online Access: | https://vest.rea.ru/jour/article/view/1599 |
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| Summary: | The article studies elements and items of finance accounting adopted by concepts of finance accounting in public sector for ISFA and Russian conceptual foundations of public sector organizations. In researching ISFA concepts of public sector and Russian state sector the author pointed out to certain differences of the conceptual level. If we compare lists of elements and items of finance accounting it is obvious that Russian concepts of state sector include components providing complete accounting of net finance standing of business entity due to inclusion of sources of entity financing. At the same time in the process of research the author found discrepancies and shortcomings dealing with the structure and composition of Russian concepts of state sector. The practical value of the research is connected with working-out of grounded proposals aiming at further development of federal standards of accounting in state sector of the Russian Federation. |
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| ISSN: | 2413-2829 2587-9251 |