Problems and Features of Legal Regulation of Public Institutions’ Activity and their Influence on Formation and Implementation of Accounting Tasks

• Main Authors: Khorunzhak Nadiya M., Lukanovska Iryna R.
• Format: Article
• Language: English
• Published: PH "INZHEK" 2016-08-01
• Series: Problemi Ekonomiki
• Subjects: public institutions; non-profit organizations; legal framework; financial and economic activity; state budget; local budget; financial support; budgetary allocations; accounting
• Online Access: http://www.problecon.com/export_pdf/problems-of-economy-2016-3_0-pages-287_292.pdf
• ISSN: 2222-0712; 2311-1186

The article is devoted to an actual problem of studying the features of public institutions’ activity that influence accounting tasks. On the basis of analysis of works by domestic scientists the article identifies features of public institutions as non-profit organizations engaged in financial and economic activity and presents a scheme of the formation and implementation by such institutions of new accounting tasks adapted to modern conditions. The estimation of the current and project legislation on the organization and record-keeping of public institutions’ activity has been performed. The accounting tasks in the context of bringing them into conformity with the needs of improving budget funds management have been defined. Prospects for further research in this direction are associated with providing a less painful reform of the public sector on the basis of development and improvement of the legislation, including that relating to clarification of concepts and categories. In addition, under conditions of the deficiency of financial support of public institutions’ activity there actualized issues of developing proposals aimed at improving the mechanisms for optimization of the use of financial resources and regulation of the budget process.