Quality of financial reporting in public sector

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Quality of financial reporting in public sector
Alternative Title:
Apskaitos informacijos kokybė viešajame sektoriuje
In the Journal:
Socialiniai mokslai . 2013, Nr. 4 (82), p. 17-25
Notes:
LDB Open.
Keywords:
LT
Viešasis sektorius; Apskaitos informacijos kokybė; Finansinės ataskaitos; Reforma
EN
Public sector; Financial reporting; Quality of financial reporting; Reform
Summary / Abstract:

ENFinancial accounting information presented in financial statements should keep to strict requirements in order to present a ‘true and fair view’ of the company. This information must be qualitative both in private and public sectors and should fully answer the needs of users regarding the accounting information. A universal model of financial reporting quality assessment has been created and tested with the case of a Lithuanian public sector’s institution. After the accounting reform, the quality of financial reporting in the public sector became higher because the users of information can compare it, make horizontal and vertical analysis, or calculate a number of ratios. [From the publication]

ISSN:
1392-0758
Related Publications:
Permalink:
https://www.lituanistika.lt/content/56962
Updated:
2019-01-19 10:30:53
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