PROBLEMS OF ACCOUNTING CENTRALIZATION STATE INSTITUTIONS OF THE UDMURT REPUBLIC

Abstract

Improving the efficiency of budget spending is one of the key areas for the country's budget system as a whole and its subjects. Currently, the issues of optimizing the activities of state and municipal institutions, reducing the cost of financial resources at the sub-federal level are solved using the mechanism of centralized accounting. In the Udmurt Republic, in 2019, the process of optimizing public sector institutions was started, due to the centralization of accounting, work is currently underway to build a unified information system for accounting and personnel accounting, and introduce a centralized reporting system. The process of centralization is not finished at the moment, the article studies the current situation on the coverage of centralization of state institutions of the Udmurt Republic. The main problems arising during the implementation of the project on the centralization of accounting in the region are identified. The ways of solving the identified problems are proposed and justified for the further development of the process of centralization of accounting, reducing the costs of performing accounting functions, for the rapid collection and analysis of information necessary for the heads of state institutions, state authorities of the Udmurt Republic to make effective management decisions.