INCOMES OF BUDGET INSTITUTIONS AS AN OBJECT OF ACCOUNTING

Abstract

Introduction. In conditions of limited budgetary resources, the role of accounting of income of budgetary institutions from various sources is increasing. The correctness of the definition, completeness, and recognition of income as accounting objects has a significant impact on the quality of the assessment of the implementation of the estimate as the main financial planning and control document of a budget organization. This is especially relevant in conditions when national accounting standards in the public sector are being introduced in the public sector on the basis of international ones.

Methods. To achieve the set goals, methods of analysis, synthesis, and grouping were used to determine the concept of “income of budgetary institutions” while systematizing the legislative framework; structural and logical analysis - for classification and detailing of income of budgetary institutions; statistical, graphical, comparison – for a visual presentation of the research results; generalization and systematic method - in identifying problematic issues and improving the income of budgetary institutions as objects of accounting.

Results. The specifics of the income of budgetary institutions are determined by economic content, classification, and their role in accounting for the implementation of budgetary institution estimates.

It has been proven that the income of budgetary institutions is characterized by large volumes and is the object of accounting for a large number of entities - budgetary institutions. The features of accounting for the income of general and special funds are outlined. It has been determined that accounting for income from exchange and non-exchange transactions, as objects of accounting in budgetary institutions, is strictly regulated by the regulatory framework, but there are a number of inconsistencies and problematic issues; to solve some of them, it is proposed to carry out detailing of sub-accounts and other measures in accordance with strategic ones. directions for reforming accounting in the public sector.

Discusions. The results of the study can be used for further scientific developments to improve the regulatory framework for accounting for the income of budgetary institutions, taking into account their essential features when forming their accounting policies, which will contribute to the creation of a modern information and analytical base in managing the financial and economic activities of budgetary institutions.