Опис курсу

Subject of the Course

Organization and procedure of accounting, methodology for preparing financial and budgetary reports.

Course Objective

To develop theoretical knowledge and practical skills in organizing and maintaining accounting, as well as preparing reports for enterprises and institutions in the public sector economy.

Main Tasks:

• Formation of knowledge on the content and organization of accounting in the public sector economy, its principles, and objectives.
• Study of the regulatory and legal framework for accounting and reporting in the public sector economy.
• Mastering the methodology of accounting and reporting in public sector enterprises and institutions.
• Learning the order and specifics of documenting and recording business transactions in accounting registers.
• Developing skills in budget preparation, control, and accounting for budget execution results, etc.

Place of the Course in the Structure of Bachelor’s/Master’s Training

The course “Accounting and Reporting in the Public Sector Economy” is a mandatory discipline for bachelor’s degree training in accounting and taxation. It is based on prior knowledge and forms a foundation for studying courses such as: “Financial Accounting I,” “Taxation,” “Business Analysis,” “Legal Foundations of Economic Security in Accounting and Taxation,” “Legal Foundations of Anti-Corruption in Business,” and others.

Competency, Knowledge, and Skills Requirements

General Competencies:

• GC01. Ability to learn and acquire modern knowledge.
• GC02. Ability for abstract thinking, analysis, and synthesis.
• GC03. Ability to work in a team and independently.
• GC08. Knowledge and understanding of the subject area and professional activity.
• GC13. Ability to conduct research at an appropriate level.

Specialized Competencies:

• SC02. Use mathematical tools for studying socio-economic processes and solving applied problems in accounting, analysis, control, auditing, and taxation.
• SC03. Ability to record business transactions in financial and management accounting, systematize and summarize them in reports for decision-makers.
• SC04. Apply legal and tax knowledge in business activities.
• SC08. Identify and assess risks related to the achievement of managerial objectives, compliance with legislation, reporting reliability, and resource utilization.
• SC11. Demonstrate an understanding of professional requirements necessary for ensuring Ukraine’s sustainable development as a democratic, social, and legal state.
• SC12. Knowledge of accounting, auditing, and taxation principles, regulatory framework, methods, and tools.

Learning Outcomes

A graduate should:

a) Know:

• Features of accounting organization and principles in the public sector economy.
• Procedures for forming, changing, and accounting for equity capital.
• Accounting for non-financial and financial assets.
• Methods for recording liabilities to suppliers, banks, personnel for payroll, the budget, pension funds, etc.
• Structure and accounting for revenues, expenses, and expenditures in public sector institutions.
• Basics of budget preparation and compliance requirements.
• Procedures for inventorying assets and liabilities and reflecting the results in accounting.
• Methodology for preparing financial and budgetary reports, etc.

b) Be able to:

• Maintain records for all types of assets, capital, liabilities, revenues, expenses, and expenditures.
• Prepare budget estimates.
• Conduct inventory of assets and liabilities, document findings, and reflect them in accounting.
• Calculate payroll and maintain payroll accounting with consideration of public sector specifics.
• Prepare financial and other reports based on accounting data.

Learning Outcomes

• LO02. Understand the role and significance of accounting, analytical, control, tax, and statistical systems in providing information for solving socio-economic and environmental issues.
• LO03. Define the essence of accounting, analysis, control, auditing, and taxation objects and understand their role in business activities.
• LO05. Possess methodological tools for accounting, analysis, control, auditing, and taxation in business activities.
• LO06. Understand the specifics of accounting, analysis, control, auditing, and taxation practices across various forms of ownership and economic activities.
• LO07. Understand the mechanisms of Ukraine’s budget and tax systems and apply them for organizing accounting, selecting a tax system, and preparing reports in enterprises.

Thematic Course Plan