CONCEPTUAL FOUNDATIONS OF IMPROVING FINANCIAL REPORTING OF NONGOVERNMENTAL PENSION FUNDS

Abstract

The article describes the features of the nongovernmental pension funds and accounting for them. The article defines the components of the elements of financial statements and the proposed improvement of financial reporting in the transition to international standards.

Keywords

• nongovernmental pension funds
• the elements of financial statements
• International Financial Reporting Standards
• assets
• liabilities
• income and expenses