Advertisement

Financial Analysis in Budgetary Institutions

  • Larisa GerasimovaEmail author
Conference paper
  • 29 Downloads
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1116)

Abstract

The article illustrates the relevance of developing new directions in the analysis and performance evaluation techniques aimed at results-based management optimizing the use of budgetary institutions’ resources. It is noted that among the existing funds, a set of measures of public administration and improving the efficiency of the use of Finance has been developed. The paper considers and analyzes the problems that hinder the construction of an effective system of analysis. The aim of the study was to find innovative approaches to the formation of a system to improve the efficiency of the use of public financial and material resources. The assessment of a state institution’s financial condition, its financial results, and risks is implemented by analysing the financial and economic activities of the budgetary institution. The article addresses the problem of determining the proper objectives of financial analysis in an institution, along with the sources of information. The authors also assess the priority methods. The article also analyzes the risks of the budget institution and assesses them in terms of inefficiency of budget execution on the basis of both accounting (financial) statements and non-accounting information. In General, the mechanism of financial analysis, which allows to increase the effectiveness of state control, is proposed.

Keywords

Analysis Balance sheet Report Method Depreciation Coefficient 

References

  1. 1.
    Bergal, E.V., Nikonenko, V.A.: Risk-oriented approach in planning control measures in the financial and budgetary sphere. Account. Taxation Budget Organ. 11 (2018)Google Scholar
  2. 2.
    Dovgalyuk, I.M.: Features of the legal statuses of budgetary and autonomous institutions. Sci. Educ. Today 12, 69–71 (2017)Google Scholar
  3. 3.
    Gerasimova, L.N.: Methods of Management Accounting. Prospect, Moscow (2016)Google Scholar
  4. 4.
    Gerasimova, L.N.: The Need to reflect non-financial information in accounting. Acc. Anal. Audit. 1, 77–81 (2015)Google Scholar
  5. 5.
    Zhavoronkova, E.N.: Restructuring of the Russian fiscal system at the present stage. Public Adm. Elektronnyi vestnik 43, 81–94 (2014). http://e-journal.spa.msu.ru/uploads/vestnik/2014/vipusk_43._aprel_2014_g./ekonomitcheskie_voprosi_upravlenija/zhavoronkova.pdf
  6. 6.
    Ivanova, N.G., et al.: State (Municipal) Institutions in the Context of Fiscal and Financial Sector Reforms. St. Petersburg: SPEU, p. 160 (2014)Google Scholar
  7. 7.
    Krokhmal, L.A.: Problems in implementing the state target for the provision of educational services in higher education programs in Russia. MIR (Modernizatsiya Innovatsii Razvitie/Modernization Innov. Dev.) 7(2), 105–109 (2016). https://cyberleninka.ru/article/n/problemy-realizatsii-v-rossii-gosudarstvennogo-zadaniya-na-okazanie-obrazovatelnyh-uslug-po-programmam-vysshego-obrazovaniya
  8. 8.
    Platoshechkina, S.Y.: On the assessment of public spending efficiency. Audit Financ. Anal. 3, 136–142 (2015)Google Scholar
  9. 9.
    Tselishcheva, E.F.: Analysis of the budget expenditures effectiveness in municipal institutions. Municipal Finance 14, 40–50 (2014)Google Scholar
  10. 10.
    Bowen, T.R., Chen, Y., et al.: Efficiency of flexible budgetary institutions. J. Econ. Theory 167(C), 148–176 (2017).  https://doi.org/10.3386/w22457
  11. 11.
    Matei, A.I., Gaita, C.: Characteristics of process management in the public institutions in Romania: comparative analysis. Procedia Econ. Finance 39, 94–101 (2016). https://ssrn.com/abstract=2810787. SSRN
  12. 12.
    Miller, G.: Performance Based Budgeting, p. 520. Routledge, Abingdon (2018)Google Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Moscow State University of Civil EngineeringMoscowRussia

Personalised recommendations