3033 Financial Reporting in Public Sector
Content
- Concepts of Accounting in Governmental Accounting
- The Convergence of Financial and Statistical Reporting Systems
- Institutional and functional coverage of Public Sector and Public Sector financial reporting objectives.
- Governmental accounting in EU countries and International Public Sector Accounting Standards’ implementation
- The Financial Reports of Government Business Entities
- The Financial Reports of Budget Entities
- The Consolidation of Financial Reports
- Managerial Accounting and financial reports for internal Users
Objectives and competences
Objectives:
- to introduce students to the fundamental functional and institutional characteristics of the business processes in the public sector,
- to explain and clarify global trends in the harmonization of public and private sector reporting systems,
- to introduce students to the content, possibilities and consequences of International Public Sector Accounting Standards appliance,
- to enable students to understand the techniques and methods of preparing the General Government consolidated financial statements,
- to enable students to critically reflect on the public sector efficiency.
Competences:
- the transfer of theoretical knowledge to practical knowledge,
- new knowledge enhancement and increasing the understanding of the government economic activities,
- encouraging research in the field of public sector reform,
- understanding of government entities’ financial reporting and reports’ analysis, and conducting such activities independently.