The order and problems of preparing financial statements of a budget institution
This article is devoted to the procedure and problems of preparing financial statements of a budget institution. The financial statements provide an opportunity to regulate the progress of budget execution, to control the targeted and efficient use of budgetary and extra-budgetary funds, as well as to reasonably plan expenses for the next year. The article considers the regulatory legal acts governing the preparation of financial statements of a budget institution. A list of primary documents is formulated, on the basis of which the organization is kept accounting. The forms of financial statements of institutions receiving funding from the budget, and their contents are described. The main difficulties of accounting are analyzed, which subsequently can lead to errors in reporting.