Template-Type: ReDIF-Article 1.0
Author-Name: Karen I. Alaverdyan 
Author-Email: karen.alaverdyan@minfin.am
Author-Workplace-Name: Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia
Author-Name: Raffi A. Aleksanyan
Author-Email: raffi.aleksanyan@minfin.am
Author-Workplace-Name: Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia
Author-Name: Svetlana A. Tabalina
Author-Email: tabalina@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Title: International Practice of Consolidated Financial Statements Presentation at Public Sector
Abstract: The article discusses the international standard requirements to the public sector consolidated financial statements. The main international standards guides for the public sector statements are the Government Finance Statistics Manual (GFSM) and the International Public Sector Accounting Standards (IPSAS). The article highlights that several countries use the approach to public sector financial statements that allows to comply both GFSM and IPSAS requirements. Most governments use step-by-step transfer to the consolidated financial statements presentation at the public sector.
Classification-JEL: H83, M48
Keywords: consolidated financial statements, public sector, International Public Sector Accounting Standards (IPSAS), public finance
Journal: Finansovyj žhurnal — Financial Journal
Pages: 103-114
Issue: 4
Year: 2018
Month: August
DOI: 10.31107/2075-1990-2018-4-103-114
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2018/4/statii_4/09_fm_2018_4.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:180409:p:103-114