Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 3 (53)

Published: 2020.10.05

DOI: 10.37128/2411-4413-2020-3

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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PROBLEMATIC ASPECTS OF ACCOUNTING FOR NON-CURRENT AND CURRENT TANGIBLE ASSETS IN BUDGETARY INSTITUTIONS

DOI: 10.37128/2411-4413-2020-3-15

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METELYTSYA Volodymyr – Doctor of Economics, Senior Researcher, Professor of the Accounting and Taxation in Economics Department of Vinnytsia National Agrarian University (03127, Kyiv, 2 Dubinina Volodi Str., Apt. 49, e-mail: vmetelytsya@gmail.com).

KOVAL Natalia – Ph.D, lecturer Departments of account and taxation are in industries of economy, Vinnytsia National Agrarian University (21008, Vinnytsia, Soniachna str. 3, е-mail: Natkov@i.ua).

Annotation

This article examines the current state of accounting support for current and non-current tangible assets in budgetary institutions. The analysis of the receipt of non-current tangible assets allowed us to focus on the issue of stagnation of the value criterion when assigning the asset to fixed assets or other non-current tangible assets. The application of the value criterion is currently an imperfect method of grouping non-current tangible assets by classification groups, because the definition of an asset in some cases depends on the supplier's taxation system. The definition of this problem allowed to suggest ways to solve it, where the first proposal is to refuse to separate value added tax from the price of the asset, and the second is to determine the asset by groups based on its properties without reference to its value. Each of the proposed proposals has its advantages, but given the inflationary factors and the instability of economic processes, the grouping of non-current tangible assets should be done by analyzing the characteristics, properties of the asset without reference to its value.

The second part of this article is devoted to the study of the method of disposal of stocks received as a result of intra-departmental movement within the authorized body. It is established that this type of stocks has its own specifics associated with its receipt in the field of management and use in the activities of budgetary institutions. Taking into account these factors, the article proposes to legislate the disposal of this type of stock only by using the method of identified cost of the relevant unit of stock. This will ensure the reliability of the financial and budgetary reporting not only in a particular budgetary institution, but also in general by the authorized body.

The proposed improvements in the accounting of non-current and current tangible assets will improve the financial and budgetary reporting of budgetary institutions, bring budgetary accounting to international and European standards, as well as improve the quality of planning in budgetary institutions.

Keywords: non-current tangible assets, current tangible assets, fixed assets, inventories, identified cost, cost criterion.

List of references

1. Metelytsіa V., Koval N., Tomashuk I. Analysis of the budgetary planning organization in Ukraine. The scientific heritage. Hungary. Uhorshchyna. 2020. №46. Р. 100-110 [in English].

2. Nakaz Ministerstva finansiv Ukrayiny Pro zatverdzhennia natsionalnykh polozhen (standartiv) bukhhalterskoho obliku v derzhavnomu sektori 121 "Osnovni zasoby" vid 12 zhovt. 2010 roku № 1202. [About the statement of national provisions (standards) of accounting in the public sector 121 "Fixed assets". Order of the Ministry of Finance of Ukraine from October 12 2010, № 1202]. Retrieved from: https://zakon.rada.gov.ua/laws/show/z1017-10#n18 [in Ukranian].

3. Nakaz Ministerstva finansiv Ukrayiny Pro zatverdzhennia Metodychnykh rekomendatsii z bukhhalterskoho obliku dlia subiektiv derzhavnoho sektoru vid 23 sich. 2015 roku № 11. [On approval of Methodical recommendations on accounting for public sector entities. Order of the Ministry of Finance of Ukraine from January 23 2015, № 11]. Retrieved from: https://zakon.rada.gov.ua/rada/show/v0011201-15 [in Ukranian].

4. Postanova kabinetu ministriv Ukrayiny Pro zatverdzhennia Poriadku skladannia, rozghliadu, zatverdzhennia ta osnovnykh vymoh do vykonannia koshtorysiv biudzhetnykh ustanov vid 28 liut. 2002 roku №228. [About the statement of the Order of drawing up, consideration, the statement and the basic requirements to performance of estimates of budgetary institutions. Resolution of the Cabinet of Ministers of Ukraine from February 28 2002, № 228]. Retrieved from: https://zakon.rada.gov.ua/laws/show/228-2002-n [in Ukranian].

5. Pysarenko, T. M. (2013) Osoblyvosti orhanizatsii obliku u biudzhetnykh ustanovakh [Features of the organization of accounting in budgetary institutions]. Ekonomichni nauky – Economic sciences. 10(2). 193-202. Retrieved from: http://nbuv.gov.ua/UJRN/ecnof_2013_10%282%29__27 [in Ukranian].

6. Byudzhetnyy kodeks Ukrayiny vid 08 lyp. 2010 roku №2456-VI [Budget Code of Ukraine] (2010, July 08). Retrieved from: https://zakon.rada.gov.ua/laws/show/2456-17 [in Ukranian].

7. Nakaz Ministerstva finansiv Ukrayiny Pro zatverdzhennia natsionalnykh polozhen (standartiv) bukhhalterskoho obliku v derzhavnomu sektori 123 "Zapasy" vid 12 zhovt. 2010 roku №1202 [On approval of national regulations (standards) of accounting in the public sector 123 "Inventories" from October 12 2010, № 1202]. Retrieved from: https://zakon.rada.gov.ua/laws/show/z1017-10#n18 [in Ukranian].

8. Svirko, S. V. (2006). Orhanizatsiia bukhhalterskoho obliku u biudzhetnykh ustanovakh : navch. posibn [Organization of accounting in budgetary institutions]. Kyiv: KNEU [in Ukranian].

9. Butynets F.F. Bukhhalterskyi finansovyi oblik: Pidruchnyk dlia studentiv spetsialnosti "Oblik i audyt" vyshchykh navchalnykh zakladiv [Financial accounting]. Zhytomyr, Ruta [in Ukranian].

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).