DISCLOSURE OF INFORMATION ON EMPLOYEE BENEFITS OF THE LOCAL GOVERNMENT ENTITY IN THE CONTEXT OF STATE FINANCE DECENTRALIZATION

Abstract

The definition of employee benefits as an object of accounting and financial reporting at the current stage of reforming public administration is clarified based on the study of the categorical apparatus of the current legislation, national and international accounting standards, the views of scientists on the nature and functions of these expenses. The approach to deepening the analytical accounting of employee benefits as the most material item of expenses of public sector entities, taking into account the needs of the management of the local self-government body and public accountability, is proposed. At the same time, suggestions on improving the analitycal accounting of obligations for employee is substantiated. The standard chart of accounts is supplemented on the basis of the considered features of the classifications. Recommendations for employee benefits disclosure in financial statements have been developed. All this will improve the quality of information that will be provided to both internal and external users for decision making.