The Guidelines are based on the National Accounting Regulations, the Chart of Accounts in Public Sector Accounting, and other regulations. Accounting and reporting are considered in connection with tax accounting, the main requirements established by the Tax Code of Ukraine.
The Guidelines have eight chapters, each explaining the procedure for organising accounting of the primary accounting items and preparing financial statements in budget institutions. Each section ends with a list of laws and regulations referenced.
The Guidelines offer a variety of case studies and effective solutions for them. These solutions were discussed by U-LEAD experts together with municipal accountants at seminars and training sessions. It will be useful primarily for practising accountants, financial professionals, legal specialists, heads of local self-government bodies and other institutions of the public sector of the economy.