Viešojo sektoriaus subjekto finansinės būklės analizės rodiklių sistema ; Financial ratio analysis of public sector institutions

Abstract

Fundamental changes in public sector institutions management of the last few decades, related to the new public management and the principles of good governance, conditioned a need for an accounting reform in public finance (Brusca, Montesinos, 2010). When these reforms started governments had to move to accounting management based on the principle of accrual and prepare financial reports that: 1)give more precise information, 2) provide basis for financial situation analysis and evaluation of public sector subjects, 3) create preconditions for comparison of financial situation analysis and financial results, 4) provide the users of financial reports with a possibility to make more effective decisions on the use and management of resources. [.]