Treasury Operations and Advanced Financial Reporting
Instructor: Јелена Пољашевић, PhD, Full Professor
To familiarize students with the specifics of financial reporting in the reporting entities that belong to the general government sector. Identify and learn how to present events and transactions in accordance with IAS for public sector (PS) and in accordance with statistical systems such as GFS, SNA and ESA, which are the basis for the evaluation of the successfulness of work of the government concerned. Indicate the number of non-financial reports that complement the financial reports – all in order to create a complete picture of the public sector of the state concerned.
| Code : | 2О14ЈТПН |
|---|---|
| Status: | C |
| Semestar: | 10th |
| Number of classes per week: | 2+2 |
| ЕECTS: | 5 |
| Teachers: |
Јелена Пољашевић,
PhD Full Professor |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | Upon completion of the program students will achieve the following competences: they will understand the differences and similarities between financial and budgetary reporting and between financial and non-financial reporting in the public sector; they will master the specifics of reporting in the public sector entities according to IAS for PS, and reporting to the state according to the methodology of the International Monetary Fund. |
| Subject Contents: | Institutional definition of the public sector and general government sector; Specifics in reporting in the public sector; Recognition and valuation of property in the public sector; Recognition and valuation of liabilities in the public sector; Recognition and valuation of income in the public sector; Recognition and valuation of expenditures in the public sector; Financial statements of the general purpose; Consolidation of financial statements on the level of the general government sector and the public sector; Introduction to the Government Finance Statistics (GFS); Identifying transactions and other economic flows according to GFS 2001; Valuation of assets and liabilities according to GFS; Valuation of revenues and expenditure according to GFS; Reports according to GFS, SNA and ESA; Calculation of the deficit/surplus of the state; Other financial and non-financial reports of the public sector entities. |
| Teaching Methods and Learning Activities: | Through interactive lectures, students will adopt knowledge and understanding, while the ability to analyze and solve problems will be achieved in group work and case studies organized during the exercises. |
| Literature: | International accounting standards for the public sector. (2009). Banja Luka: Association of Accountants and Auditors of the Republic of Srpska; Governmental financial statistics manual. (2001). IMF. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |