International Practice of Consolidated Financial Statements Presentation at Public Sector

Karen I. Alaverdyan (), Raffi A. Aleksanyan () and Svetlana Tabalina ()
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Karen I. Alaverdyan: Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia
Raffi A. Aleksanyan: Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia

Finansovyj žhurnal — Financial Journal, 2018, issue 4, 103-114

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.

Keywords: consolidated financial statements; public sector; International Public Sector Accounting Standards (IPSAS); public finance (search for similar items in EconPapers)
JEL-codes: H83 M48 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180409:p:103-114

DOI: 10.31107/2075-1990-2018-4-103-114

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