Features of accounting and reporting reform in the public sector of Ukraine
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The thematic focus of the article is within both the methodological dimensions of economic theory and practices to reform the institutional sectors of Ukraine, where accounting and reporting develop a single informational component. In order to satisfy the need for a scientific rationale of the development of accounting and reporting in public finances, the research was based on the methods of analysis and syn-thesis – developing the accounting information in relation to the needs of its users, and applying the methods to assess the effectiveness of regulatory provisions for the accounting process. The study in its twofold dimensions, sizing up the organizational role of the Treasury and defining the current situation in the accounting and reporting in public sector, found ways to improve both components. Those ways are regarded through the implementation of accounting and reporting standards in the public sector. The findings represent the authors’ opinion in the form of proposals, which emphasize the need to ensure inclusive development of the state sector in the relevant accounting information. The development of such an accounting architecture at the state and local levels of budget administration shall provide the advanced innovation growth rates by introducing standards of accounting and reporting in the public sector.
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