Accounting for the Receipt and Use of Grants by Entities in the Public Sector of Ukraine: organizational and Methodological Aspects

Анотація

This article examines the organizational and methodological aspects of accounting for the receipt and use of grants by public sector entities in Ukraine.This examination occurs amid growing international financial assistance and the need to ensure transparency in budget processes.Introduction.In the context of post-war recovery and the increased participation of international donors, grant funding has become an important source of financial support for the public sector.However, inconsistencies between national public sector accounting standards (NP(S)SAPS) and international standards (IPSAS) complicate the recognition, valuation, and reporting of grant-related transactions.Purpose.This study aims to develop and justify organizational and methodological approaches to enhance the accounting and reporting of grants in Ukraine's public sector by aligning national and international standards, thereby ensuring transparency, consistency, and accountability in the use of grant funds.Results.This article organizes the legal and economic aspects of grants, examines the regulatory framework that governs their accounting and reporting, and highlights the differences between NP(S)SAPS 124, "Revenue," and IPSAS 23, "Revenue from Non-Exchange Transactions."It pays special attention to the classification of grant income, accounting for funds received in monetary and non-monetary forms, and reporting requirements for donors and treasury authorities.Conclusions.The study emphasizes the importance of harmonizing national and international accounting standards, enhancing the accounting policies of budgetary institutions, and reinforcing internal controls over grant fund usage.The proposed methodological approaches enhance the transparency, reliability, and comparability of financial reporting, building greater trust among international partners regarding the effective use of grant resources in Ukraine's public sector.

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