Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1 (71)

Published: 2025.05.14

DOI: 10.37128/2411-4413-2025-1

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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PECULIARITIES OF ORGANIZATION OF FINANCIAL ACCOUNTING IN THE PUBLIC SECTOR

DOI: 10.37128/2411-4413-2025-1-6

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KLADNYTSKA Tetian – Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Accounting and Finance, University of Economics and Entrepreneurship (29000, Khmelnytskyi, 13, Heroes of Maidan Str., e-mail: kladnitskaya.t@ukr.net)

Annotation

In the present context of reforming of Ukraine's public finance system, the efficient organization of financial accounting in the public sector holds great significance. Precise, correct, and timely accounting forms the foundation for sound management decisions, upholding financial control, and constructing public confidence in governmental entities. The application of International Public Sector Accounting Standards (IPSAS), stricter reporting requirements, the digitalization of accounting processes, and the need for effective supervision of budget fund usage require a reexamination of the conventional approaches to financial accounting organization in budgetary organizations.

The significance of the research is also due to the need to coordinate the national accounting system with global standards, enhance transparency and accountability within the public sector; these are essential conditions for Ukraine's effective integration into the European economic area.

This article details the core, aims, and responsibilities of financial accounting in the public sector. The legal framework for structuring accounting in budgetary institutions of Ukraine is analyzed. The differences between financial accounting in the public and commercial domains are addressed. The main components of accounting's organization are detailed. The traits of the organization of financial accounting in public sector institutions, specifically, the structure of the accounting process in budgetary institutions are examined. The effect of international public sector accounting standards (IPSAS) on the national financial accounting framework is assessed. The courses of the progress of the financial accounting system in the public sector of Ukraine are proposed.

The proposed actions are intended to solve pressing issues and guarantee a substantially improved standard of public finance management. The study's outcomes demonstrate that financial accounting's effectiveness in the public sector directly relies on the caliber of the regulatory framework, the professional competence of personnel and the extent of accounting processes' digitalization. It is grounded that to further enhance the accounting system, it’s essential to actively utilize international standards, invest in IT solutions, and develop human resources.

Keywords: financial accounting, public sector, budgetary funds, accounting policy, legislation, reporting, international standards

List of references

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).