FORMATION OF ACCOUNTING INFORMATION IN PUBLIC INSTITUTIONS

Abstract

Currently, the process of introducing market principles into the activities of state organizations is continuing. This leads to the expansion of the use and increasing the importance of accounting as the main carrier of information about the organization, and also contributes to the dynamic development of the accounting system of state organizations.

The article outlines the main theoretical aspects of accounting in public institutions. An important part of the article discloses general accounting principles, as well as discusses special accounting principles and the procedure for preparing financial statements. For those who are interested in the organization of accounting in state institutions, there is information on the specifics of accounting in state organizations, which reveals the issues of accounting for assets and liabilities. The issues of documentation are presented and accounting entries for typical transactions are compiled.

In government organizations, most decisions of an operational, tactical and strategic nature are made on the basis of compiled and confirmed reports and other adequate information generated by the accounting system.

The accounting information of a state organization reflects the actual state of the accounting objects. Timeliness, completeness and reliability of accounting data contribute to the prevention of unjustified decisions. In this regard, it is recommended to constantly improve the methodology of accounting as the main supplier of information.