CУБ’ЄКТИ ДЕРЖАВНОГО СЕКТОРУ ЕКОНОМІКИ: ОСОБЛИВОСТІ ДІЯЛЬНОСТІ ТА ОРГАНІЗАЦІЯ ОБЛІКУ

Abstract

The purpose of this study is to reveal the impact of organizational and legal distinctions of public sector entities on the organization of accounting and the implementation estimation of the governmental Strategy for modernization of accounting and financial reporting in the public sector to strengthen budget capacity. To achieve this goal, the tools of scientific research were used. In particular, analysis and synthesis, induction and deduction (during setting a problem); theoretical generalization (during the separation of organizational and legal distinctions of the public sector of the economy); observation, comparison (during the estimation of implementation of the Strategy for the modernization of the accounting and financial reporting system in the governmental sector); the abstract-logical method was used in determining the priority measures of the Strategy and developing areas for further research to strengthen budget capacity. The article reveals the organizational and legal characteristics of governmental sector entities, their impact on the organization of accounting. In particular, it is the form of ownership, organizational structure of the institution, budgetary institutions are non-profit, which in the process of providing non-material services make expenses and so on. The entities of the public sector of the economy implement the state policy in various spheres. The results of the evaluation of the Strategy for Modernization of the Accounting and Financial Reporting System in the Governmental Sector allow us to assert the active implementation of its measures and the digitalization of the functional processes of the Treasury. The priority measures of the Strategy have been identified. This is the development of guidelines for all national regulations (standards); ensuring the translation into Ukrainian of international standards in order to implement their provisions into national regulations (standards); ensuring the implementation of systematic measures for training and retraining of employees of budgetary institutions; revision of normative documents and timely changes in them and improvement of software for accounting and preparation of financial statements by public sector entities. Implementing them will strengthen the budget potential. Further possibilities for research suggest the need for in-depth study of international accounting standards in the governmental sector through the prism of the possibility of their implementation in domestic practice in order to improve accounting and financial reporting in the governmental sector and strengthen budgetary capacity.