Abstract (eng):
The article refers to research of recommendations of financial reports
preparation and presentation by higher educational institutions of different
countries. In order to study the structure of financial reports, the sets of
financial statements of National University of Kyiv-Mohyla Academy, Oxford
University and Yale University are compared. The distinctions between
financial reports of three determined universities are substantiated by 7
features: the level of information disclosure, sources of funding, structure of
financial, managerial and budgetary reports, qualitative and quantitative
characteristics of Notes and general level of financial independence. The
author compared the structure and content of university financial statements
as well as determined correlation between informational filling of public
entities financial reports and the level of democracy. The sources of funding
for three universities are compared. The paper determines the reasons of
limited financial sources of revenue for Ukrainian universities.