Application of the International Public Sector Accounting Standards (IPSAS) in Russian Universities Budget Preparation-Reference-Cited by-同舟云学术

Application of the International Public Sector Accounting Standards (IPSAS) in Russian Universities Budget Preparation

Published:2023-07-07 Issue:3 Volume:11 Page:29-34
ISSN:2587-9111
Container-title:Scientific Research and Development. Economics
language:en
Short-container-title:

Author:

Dakhil Mustafa¹

Affiliation:

1. Ural Federal University named First President of Russia B. Yeltsin

Abstract

This article discusses the possibilities of applying International Financial Reporting Standards for the public sector in Russian universities to increase accountability when making decisions on budget preparation. The introduction of International Financial Reporting Standards for the Public Sector (IPSAS) is an important step to optimize the preparation of budgets of higher education institutions. The purpose of the study is to disclose the substantive aspects of the implementation of International Financial Reporting Standards for the public sector to ensure accountability and transparency of the budgetary financial statements of universities. In the course of the research, such methods as induction, deduction, analysis and synthesis were used. The result of the study is expressed in the justification of the importance of preparing budgets for higher educational institutions of the Russian Federation in accordance with International Financial Reporting Standards for the Public sector.

Publisher

Infra-M Academic Publishing House

Subject

General Medicine

Reference30 articles.

1. M. Legenkova, International Public Sector Accounting Standards Implementation in the Russian Federation, International Journal of Economics and Financial Issues, vol. 6, no. 4, Art. no. 4, Oct. 2016., M. Legenkova, International Public Sector Accounting Standards Implementation in the Russian Federation, International Journal of Economics and Financial Issues, vol. 6, no. 4, Art. no. 4, Oct. 2016.

2. 2014 Handbook of International Public Sector Accounting Pronouncements, IFAC, Jun. 23, 2014. https://www.ifac.org/ipsasb/publications/2014-handbook-international-public-sector-accounting-pronouncements-2 (accessed Dec. 21, 2021)., 2014 Handbook of International Public Sector Accounting Pronouncements, IFAC, Jun. 23, 2014. https://www.ifac.org/ipsasb/publications/2014-handbook-international-public-sector-accounting-pronouncements-2 (accessed Dec. 21, 2021).

3. Z. Minovski, J. Hughes, and A. Kocevski, Transitioning to accrual accounting in the public sector, Journal of Contemporary Economic and Business Issues, vol. 3, no. 2, pp. 75–88, 2016., Z. Minovski, J. Hughes, and A. Kocevski, Transitioning to accrual accounting in the public sector, Journal of Contemporary Economic and Business Issues, vol. 3, no. 2, pp. 75–88, 2016.

4. The concept of reforming the budget process in the Russian Federation in 2004 - 2006 / ConsultantPlus. http://www.consultant.ru/document/cons_doc_LAW_88769/d811075220c84f699888e92be6e381be30164209/ (accessed Dec. 21, 2021)., The concept of reforming the budget process in the Russian Federation in 2004 - 2006 / ConsultantPlus. http://www.consultant.ru/document/cons_doc_LAW_88769/d811075220c84f699888e92be6e381be30164209/ (accessed Dec. 21, 2021).

5. National Audit Office of Finland, National Audit Office of Finland. https://www.vtv.fi/en/ (accessed Dec. 12, 2021)., National Audit Office of Finland, National Audit Office of Finland. https://www.vtv.fi/en/ (accessed Dec. 12, 2021).