Presenting information about non-financial assets in accounting (financial) reporting: Current issues and areas for improvement

Subject. This article discusses the processes of forming and presenting information about non-financial assets in the accounting (financial) statements of public sector organizations and the areas for their improvement. Objectives. The article aims to analyze the areas of concern and develop ways to optimize the structure and content of accounting (financial) reporting, focusing on enhancing the informativeness regarding non-financial assets. Methods. For the study, we used the methods of comparison, systematization, and generalization of data. Results. Based on the analysis of the regulatory legal framework governing accounting in the public sector and the results of a study on user needs for informative and substantive reporting data, the article presents an author-developed detailed form of the balance sheet for State (municipal) institutions, as well as proposals for improving the structure and content of this balance sheet. Conclusions and Relevance. The proposals for improving the structure and content of the balance sheet of a State (municipal) institution are aimed at improving the informativeness and transparency of reporting. The results of the study can be applied both in theory and practice to develop processes of forming and presenting information about non-financial assets in public sector organizations.