Developing the accounting concept in the public sector

Abstract

The main goal of this study is to develop an accounting concept for the public administration sector of the Russian Federation with state (municipal) institutions as an example. To fulfill this task, the specifics of the state (municipal) institutions were explored, the international practice of arranging accounting in the public sector was analyzed, and the current state of the information and administration function of accounting in the institutions under study was examined. Because of the analysis, specific proposals for the development of the information function of accounting were developed through the application of the accounting policy template and the development of management accounting for obtaining information for internal users. Regarding the development of the control function of accounting in state (municipal) institutions, the use of a risk map, a register of risks and other administration tools and procedures was justified. The scientific novelty of the study is in systematization of the problems existing in the formation of the accounting system in state (municipal) institutions and in the development of proposals to improve its efficiency.