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Abstract
Abstract: Budgetary funds, in the form of subsidies, received into the accounts of quasi-public sector organizations, are an important element of the organization's financial flows. Accordingly, the correct recognition and accounting of government subsidies plays a key role in ensuring the reliability and transparency of an organization's financial statements. The article discusses the methods of initial recognition of government subsidies, as well as their subsequent accounting in accordance with international financial reporting standards.
The practice of applying the provisions of the standards is disclosed on the example of a joint-stock company, which is a quasi-public sector entity, which is of practical importance for similar organizations receiving financing in the form of state subsidies. The method of reflecting the subsidy received for the acquisition, construction and reconstruction of assets is considered in detail, the correct approach to accounting for which will help not only to correctly assess the value of assets, but also make it possible to adequately make management decisions based on the financial data provided.
The study includes an analysis of various approaches to accounting for subsidies, including issues of their recognition, assessment, attribution to income or capital, and their distribution by period.
The results of the study can be useful for accountants, financial analysts, auditors, as well as for government and regulatory authorities that monitor the financial activities of quasi-public sector entities. The study of controversial issues of accounting for subsidies will help improve the practice of accounting and reporting on them and increase the transparency of financial statements of organizations.