Accounting, analysis and audit of income of the Higher Art and Technical School №19
Students Name: Kovtoniuk Yurii Olehovych
Qualification Level: magister
Speciality: Accounting and Taxation
Institute: Institute of Economics and Management
Mode of Study: full
Academic Year: 2020-2021 н.р.
Language of Defence: ukrainian
Abstract: Kovtonyuk Y.O., Visochan O.O. (head). Accounting, analysis and audit of income of the Higher Art and Vocational School №19. Master’s thesis. – National University "Lviv Polytechnic", Lviv 2020. Extended annotation. To perform the functions defined in the statute, each budgetary institution receives revenue. Revenues are funds received by the budgetary institution in accordance with the approved estimate of revenues and expenditures [1]. The Budget Code of Ukraine stipulates that revenues are tax, non-tax and other revenues on a non-refundable basis, the collection of which is provided by the legislation of Ukraine (including transfers, fees for administrative services, own revenues) [2]. Revenues of budgetary institutions are divided into revenues of general and special fund. Own revenues of public sector institutions are received in addition to the funds of the general fund and are credited to the special fund of the budget. The national regulation (standard) of accounting in the public sector, which regulates the accounting of revenues, is NP (S) BODS 124 "Revenues", according to which revenues of budgetary institutions are classified into the following groups: revenues from exchange transactions and revenues from non-exchange transactions [3]. Interpretation of the essence of revenues of budgetary institutions is given in the works of such scientists as: Svirko SV [4], Levitska SO [5], Lemishovsky VI [6], Kaneva TV [7] and others. The purpose of budgetary institutions is not to make a profit, but to provide intangible services; intangible services provided by budgetary institutions, unlike any finished product, are not carriers of tangible substance and are not posted to the warehouse. The objects of analysis of the activities of budgetary institutions are economic resources in terms of composition and location, sources of their formation and purpose in the process of non-productive consumption. Analysis of revenues of budgetary institutions is an assessment of the proper use of budget funds and identify causes and changes in the activities of the enterprise. For effective use of budget funds it is necessary to exercise constant control over the receipt and use of budget funds. The paper considers the features of theoretical and practical aspects of revenue accounting, methods and areas of analysis of revenues of the general and special fund of the budget institution, the basic principles of audit of revenues in the public sector of the economy. There are ways to improve accounting at the Institution, for example, improving the structure of the Order on Accounting Policy, the establishment of the internal audit service, etc. In section 1, the theoretical aspects of accounting for income of VHPU №19 were considered, the types of income in budgetary institutions were determined, the methods of analysis in budgetary institutions were considered, and the reporting forms of budgetary institutions were analyzed. The characteristics and economic assessment of economic activity of Hrytsiv Higher Art and Vocational School №19 are given. An analysis of the state and use of income in Hrytsiv Higher Art and Vocational School №19. After conducting the analysis of VHPU revenues №19, it is possible to note a slight increase in revenues from non-exchange transactions and budget allocations (by 0.15% and 0.16%, respectively). Also, it should be noted that the rate of revenues from fees for services provided by the school in accordance with their main activity has grown rapidly. In Section 3, the main primary documents used by VHPU №19 and the accounts of budgetary institutions used by the Institution were considered, and the budget allocations of VHPU №19 were compared in terms of sub-accounts of KEKV. The object of research is the system of accounting analysis and audit of Hrytsiv Higher Art Vocational School №19. The subject of the research is the income of the general and special fund of Hrytsiv Higher Art Vocational School №19. The purpose of the study: the study and use of methodological aspects of accounting, analysis and audit of income. Key words – income, general fund, special fund, budget, budgetary institution, appropriations, income from exchange operations, income from non-exchange operations. List of used literature sources. 1. Adamik, OV Revenues of budgetary institutions by the method of accrual in terms of unification of accounting systems of the public sector of the economy // Bulletin of the National University "Lviv Polytechnic" "Management and Entrepreneurship in Ukraine: stages of formation and problems of development." – Lviv: Lviv Polytechnic National University, 2012. – Issue 721. – P. 42-48. 2. Budget Code of Ukraine: Law of Ukraine of 08.07.2010 № 2456-VI. 3. National Regulation (Standard) of Accounting in the Public Sector 124 “Revenues”, approved by the order of 24.12.2010 № 1629. 4. Svirko, SV Accounting in budgetary institutions: methodology and organization: textbook. manual / SV Svirko. – К.: КNЕU, 2006. - 243 с. 5. Levitska, SO Financial results of recipients of budget funds: economic essence, domestic and international accounting practice / SO Levitska // Economic analysis. – 2008. – № 2. – P. 361-369. 6. Lemishovsky, VI Budget institutions: accounting and taxation: a textbook / for general. ed. VI Lemishovsky. – 2nd ed., Reworked. and ext. – Lviv: Intellect-West, 2007. – 1104 p 7. Kaneva TV Economic essence of financial support of budgetary institutions / TV Kaneva, AK Dumikyan // Economic Bulletin of the University. – 2016. – V. 31 (1). – P. 235-241.