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{"id":20966,"date":"2025-12-03T20:22:59","date_gmt":"2025-12-03T18:22:59","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=20966"},"modified":"2025-12-11T16:19:47","modified_gmt":"2025-12-11T14:19:47","slug":"accounting-for-the-receipt-and","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/accounting-for-the-receipt-and\/","title":{"rendered":"Syrtseva S. Accounting for the Receipt and Use of Grants by Entities in the Public Sector of Ukraine: organizational and Methodological Aspects"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> M41, H83, \u041e23.<\/span><\/i><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V53(2025)-33<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Syrtseva Svitlana, <\/b>PhD in Economics, Associate Professor, Associate Professor of the Accounting and Taxation Department, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0000-0003-4824-3741<\/span><\/a>
\ne-mail: <\/strong>sirceva@mnau.edu.ua<\/span><\/a><\/p>\n

Accounting for the Receipt and Use of Grants by Entities in the Public Sector of Ukraine: organizational and Methodological Aspects<\/b><\/h2>\n

Abstract. Introduction<\/i><\/b>. <\/span><\/i>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.<\/span><\/i><\/p>\n

Introduction<\/i><\/b>. 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.<\/span><\/i><\/p>\n

Purpose<\/i><\/b>. 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.<\/span><\/i><\/p>\n

Results<\/i><\/b>. 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.<\/span><\/i><\/p>\n

Conclusions<\/i><\/b>. 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\u2019s public sector.<\/span><\/i><\/p>\n

Keywords<\/b>: grants; accounting; public sector entities; accounting policy; reporting.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Bardash, S. V., Svirko, S. V., & Kraievskyi, V. M. (2024). <\/span>Accounting in the public sector: philosophical discourse of educational component development<\/span><\/i>. Kyiv: Interservice.<\/span><\/li>\n
  2. Lovinska, L. H., & Sushko, N. I. (2012). Trends in reforming the accounting and financial reporting system of the public sector of Ukraine. <\/span>Finance of Ukraine<\/span><\/i>, (7), 74\u201383.<\/span><\/li>\n
  3. Stepova, T. H., Akhmad, M. I., & Ovodiuk, N. O. (2018). Modernization of the accounting system in the public sector: advantages, disadvantages and prospects for improving the work of accounting services employees. <\/span>Economy and Society<\/span><\/i>, (18), 1018\u20131025.<\/span><\/li>\n
  4. Khmelyuk, A., & Donskykh, N. (2020). Improvement of accounting in the budgetary sphere: promising directions of reform. <\/span>Economic Analysis<\/span><\/i>, 30(3), 205\u2013211. <\/span>https:\/\/doi.org\/10.35774\/econa2020.03.205<\/span>.<\/span><\/li>\n
  5. Chyzhevska, L. V., Osipchuk, D. S., & Khomenko, H. Yu. (2024). Recognition and accounting of government grants in non-budgetary non-profit organizations: national and international approaches (IFRS). <\/span>Academy Review<\/span><\/i>, 2(61), 128\u2013144. <\/span>https:\/\/doi.org\/10.32342\/2074-5354-2024-2-61-9<\/span>.<\/span><\/li>\n
  6. Sydorenko, R. V., & Zhurakovska, I. V. (2022). Accounting for grants: implementing IFRS rules in domestic practice. <\/span>Economic Forum<\/span><\/i>, (4), 127\u2013135.<\/span><\/li>\n
  7. Trokhanovskyi, V., & Vasyliuk, M. (2025). Evaluation of grant activity accounting in higher education institutions. <\/span>Economy and Society<\/span><\/i>, (72). <\/span>https:\/\/doi.org\/10.32782\/2524-0072\/2025-72-79<\/span>.<\/span><\/li>\n
  8. Verkhovna Rada of Ukraine. (2010). <\/span>Budget Code of Ukraine.<\/span><\/i> No. 2456-VI. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/2456-17#Text<\/span>.<\/span><\/li>\n
  9. Ministry of Finance of Ukraine. (2010). <\/span>National Public Sector Accounting Standard (NPSAS) 124 \u201cRevenue\u201d.<\/span><\/i> No. 1629. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/z0089-11#Text<\/span>.<\/span><\/li>\n
  10. International Federation of Accountants. (2006). <\/span>IPSAS 23: Revenue from Non-Exchange Transactions (Taxes and Transfers)<\/span><\/i>. <\/span>https:\/\/document.vobu.ua\/wp-content\/uploads\/2023\/06\/ipsas23.pdf<\/span>.<\/span><\/li>\n
  11. Tsiatkovska, O. (2024). Accounting for the receipt and use of grants. <\/span>Uteka.ua<\/span><\/i>. <\/span>https:\/\/budget.uteka.ua\/ua\/publication\/budget-13-byudzhet-byudzhetnyj-process-planirovanie-primenenie-kekr-54-uchet-postupleniya-i-ispolzovaniya-grantov<\/span>.<\/span><\/li>\n
  12. Stankus, T. (2021). Grants: receiving and accounting. <\/span>Budget Accounting<\/span><\/i>, (19). <\/span>https:\/\/buhgalter.com.ua\/articles\/buhgalterskiy-oblik\/granti-otrimuyemo-ta-oblikovuyemo\/<\/span>.<\/span><\/li>\n
  13. Ministry of Finance of Ukraine. (2010). <\/span>National Public Sector Accounting Standard (NPSAS) 121 \u201cProperty, Plant and Equipment\u201d.<\/span><\/i> No. 1202. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/z1017-10#Text<\/span>.<\/span><\/li>\n
  14. Ministry of Finance of Ukraine. (2010). <\/span>National Public Sector Accounting Standard (NPSAS) 123 \u201cInventories\u201d.<\/span><\/i> No. 1202. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/z1019-10#Text<\/span>.<\/span><\/li>\n
  15. Ministry of Finance of Ukraine. (2012). <\/span>Order No. 44 \u201cOn approval of the procedure for preparation of budget reporting by budget holders and recipients, and by state social and pension insurance funds\u201d<\/span><\/i>. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/z0196-12#Text<\/span>.<\/span><\/li>\n
  16. Ilyina-Stohniienko, V. Yu., Riabushko, R. M., & Kaminskyi, V. V. (2023). Analysis of development vectors of research organization in medical higher education institutions. <\/span>Academic Visions<\/span><\/i>, (16). <\/span>https:\/\/www.academy-vision.org\/index.php\/av\/article\/view\/171<\/span>.<\/span><\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>14\u00a0October 2025<\/span><\/p>\n

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    Syrtseva S. (2025). Accounting for the Receipt and Use of Grants by Entities in the Public Sector of Ukraine: organizational and Methodological Aspects. Modern Economics, 53(2025), 234-240. DOI: https:\/\/doi.org\/10.31521\/modecon.V53(2025)-33.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M41, H83, \u041e23. DOI: https:\/\/doi.org\/10.31521\/modecon.V53(2025)-33 [\/vc_column_text][vc_column_text]Syrtseva Svitlana, PhD in Economics, Associate Professor, Associate Professor of the Accounting and Taxation Department, Mykolaiv National Agrarian University, Mykolaiv, Ukraine ORCID: 0000-0003-4824-3741 e-mail: sirceva@mnau.edu.ua Accounting for the Receipt and Use of Grants by Entities in the Public Sector of Ukraine: organizational and Methodological Aspects Abstract. Introduction.
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