International Accounting
 

The use of international public sector accounting standards to prepare financial statements by universities for the subsequent application of benchmarking

Vol. 21, Iss. 11, NOVEMBER 2018

Received: 20 July 2018

Received in revised form: 25 July 2018

Accepted: 27 July 2018

Available online: 16 November 2018

Subject Heading: INTERNATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: M41, M48

Pages: 1253–1266

https://doi.org/10.24891/ia.21.11.1253

Gorodilov M.A. Perm State National Research University (PSU), Perm, Russian Federation
mag@econ.psu.ru

https://orcid.org/0000-0002-4609-4888

Chertkova A.V. Perm State National Research University (PSU), Perm, Russian Federation
anastasiya-perm@yandex.ru

ORCID id: not available

Subject This article analyzes the reasons of application of International Public Sector Accounting Standards (IPSAS) to use the benchmarking technique by higher education institutions in Russia. Predominantly, the article explores the competitive benchmarking of financial performance.
Objectives The article aims to identify the need to use IPSAS in order to prepare financial statements by universities for the subsequent application of benchmarking.
Methods For the study, we used a comparative analysis.
Conclusions Benchmarking on the basis of public financial reporting, drawn up in accordance with IPSAS, provides an opportunity for higher education institutions in Russia to adopt the world universities' best practices to increase their own competitiveness. These possibility and opportunity arise as a result of the fact that the IPSAS-based compiled reporting can be compared with the identical performance figures of foreign universities.

Keywords: International Public Sector Accounting Standards, financial ratios, benchmarking

References:

  1. Chernova E.G., Akhobadze T.D., Malova A.S., Saltan A.A [Higher education funding models and institutional effectiveness: empirical research of european experience and russian trends]. Voprosy obrazovaniya = Educational Studies, 2017, no. 3, pp. 37–82. (In Russ.) URL: Link
  2. Saginov Yu.L., Dishel' Yu.G., Feoktistova N.A. [Benchmarking subsidiaries using integrated ratings]. Vestnik Akademii= Academy's Herald, 2015, no. 1, pp. 74–78. (In Russ.)
  3. Guseva N.M., Medvedev G.B. [Prospects for the introduction of benchmarking in public administration]. Finansy i biznes = Finance and Business, 2011, no. 2, pp. 92–102. URL: Link (In Russ.)
  4. Balm G.J. Benchmarking and Gap Analysis: What Is the Next Milestone? Benchmarking for Quality Management & Technology, 1996, vol. 3, iss. 4, pp. 28–33. URL: Link
  5. Robert C. Camp. Global Benchmarking Network. URL: Link
  6. Latushko M., Rad'ko M. [Benchmarking as a business management method]. Nauka i innovatsii = Science and Innovations, 2015, vol. 5, no. 147, pp. 47–49. URL: Link (In Russ.)
  7. Tolstova A.Z., Getmanova A.V. [Benchmarking as instrument of effective banking activities]. Ekonomika: teoriya i praktika = Economics: Theory and Practice, 2015, no. 3, pp. 62–66. (In Russ.)
  8. Makashina O.V. [Result-oriented budgeting]. Vestnik IGEU, 2008, no. 1, pp. 23–27. URL: Link (In Russ.)
  9. Akhmetzyanova E.R., Kasimova D.F. [Financial benchmarking as an instrument of financial companies]. Sovremennaya nauka i praktika = Modern Science and Practice, 2016, no. 12, pp. 40–42. URL: Link (In Russ.)
  10. Belov A.V., Zolotov A.V. [Economic aspects of university activities in Japan]. Voprosy obrazovaniya = Educational Studies, 2014, no. 3, pp. 30–53. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 21, Iss. 12
December 2018

Archive