Tytykalo V. Transformation of financial statements of public sector institutions in accordance with IFRSPS

Of the concept of financial reporting of budgetary institutions in accordance with the requirements IPSAS. Defined objective reasons for reforming the financial statements. Clarified the conceptual and theoretical foundations of the financial statements, its classification features. Specifies the composition of elements of financial statements forms that make it possible to obtain information on the status of assets, liabilities and equity of budgetary institutions. Developed registers for fixing costs and evaluation receipt and disposal of non-financial assets under the state of emergency. Determined the order of synthesis rates in the financial statements. Investigated and improved method and company financial reporting. Comparisons of financial statement of the sub-accounts of accounting and budget classification codes revenues and expenditures. Classified cash flow budget organizations for activities. The classification of revenue budget institutions enables the comparison of income and expenses. Improved order comparison of cash and actual expenditures.