Features and challenges of national and international practices in representing operations with government grants in enterprise accounting

Анотація

Manuscript is dedicated to the examination of key aspects related to the representation of government grant operations in accounting records. It aims to identify critical issues, analyze previously proposed methodologies, and provide recommendations for enhancing the accounting system to consolidate information regarding government grants and earmarked receipts within the accounting framework. The purpose of the paper is to analyze existing methodologies for recording government grant transactions, identify their strengths and weaknesses, and provide recommendations for improving the process of recording government grant transactions in accounting records. The research findings reveal key aspects of the scholarly discourse on the issue of registering government grant transactions in accounting records. The paper proposes an enhanced accounting model for representing government grant operations and earmarked receipts. The manuscript provides a comparative perspective on accounting practices for recording government assistance in Ukraine and several foreign countries. The author summarizes that there are significant issues in the domestic methodology for registering government grant transactions. The paper presents approaches to improving the accounting tools for government grants and earmarked receipts, aiming to enhance the quality of financial information. The author suggests categorizing transactions into two groups: government grant transactions and earmarked receipts transactions. Researching international practices in recording government grant transactions allowed for identifying commonalities and differences with national accounting practices.

Класифікація

Ідентифікатори

Схожі роботи