Accounting and Financial Reporting according to International Public Sector Accounting Standards (IPSAS)

Major: Accounting and Taxation
Code of subject: 7.071.03.E.038
Credits: 4.00
Department: Accounting and Analysis
Lecturer: Ph.D. in Economics, associate professor Voskalo Natalia Mykolaivna
Semester: 2 семестр
Mode of study: денна
Learning outcomes: As a result of the studying discipline, the student should know the order of the organization and accounting of main objects and order of preparation financial statements according to IAS of the state sector. Prepared student should be able to use the acquired knowledge in the practice of fixed assets, stocks, investment real estate, leases, financial instruments, employee benefits, income, expenses and financial results, preparation and presentation financial statements of the organizations and state sector institutions.
Required prior and related subjects: -prerequisite: - Reporting of Public Sector Entities - Analysis of Activity of Public Sector
Summary of the subject: Basis of the accounting in the context of International Public Sector Accounting Standards. Accounting policies of the public Sector subjects. Property, plant and equipment (IPSAS 17). Investment property (IPSAS 16). Leases (IPSAS 13). Inventories (IPSAS 12). Impairment of non-cash-generating assets (IPSAS 21). Impairment of cash-generating assets (IPSAS 26). Employee benefits (IPSAS 25). Financial instruments: disclosure and presentation (IPSAS 15). Provisions, contingent liabilities, contingent assets (IPSAS 19). Revenue from non-exchange transactions (taxes and transfers) (IPSAS 23). Revenue from exchange Transactions (IPSAS 9). Borrowing Costs (IPSAS 5). Financial Reporting according to International Public Sector Accounting Standards (IPSAS).Comparison of the main provisions of international and national standards for the public sector
Assessment methods and criteria: Current control (100%): oral questioning, work in the practice Control work, scoring test control
Recommended books: 1. Voynarenko M.P. Mizhnarodni standarty finansovoyi zvitnosti ta audytu : Navchalnyy posibnyk. / M.P.Voynarenko. – Kyyiv : Tsentr navchalnoyi literatury, 2019. – 488. 2. Oblik i zvitnist: teoretychni ta praktychni aspekty. Praktychnyy posibnyk dlya rozporyadnykiv mistsevykh byudzhetiv. Logica, 2020. - 284 s. 3. Bezverkhyy K. V. Oblik v byudzhetnykh ustanovakh : Navchalnyy posibnyk. / K. V. Bezverkhyy – Kyyiv : Tsentr navchalnoyi literatury, 2020. – 312. 4. Romanchuk A.L., Rylyeyev S.V. Finansova zvitnist subyektiv derzhavnoho sektoru v systemi informatsiynoho zabezpechennya analizu / A.L. Romanchuk, S.V. Rylyeyev // Oblik, analiz, audyt. - Vypusk I (73). – 2019. - S. 224-236 5. Mizhnarodni standarty bukhhalterskoho obliku dlya derzhavnoho sektoru 1-26 [Electronic resource]. – Access mode: http://buhgalter911.com/normativnaya-baza/instr-plan-rah/standart-buhgalterskogo-gos/meghdunarodnye-standarty-buhgalterskogo-1021812.html.