ACCOUNTING FOR GOVERNMENT SUBSIDIES IN ACCORDANCE WITH IFRS

DOI: 10.36871/ek.up.p.r.2021.09.03.007
UDC 657.1

Authors

V. D. KOVALEVA,
Candidate of Economic Sciences, Associate Professor of the Department of Economics and Management, Stavropol Institute of Cooperation (branch), Belgorod University of Cooperation, Economics and Law, Stavropol, Russia
I. A. RASTORGUEV,
Candidate of Economic Sciences, Lecturer at a liberal arts college, Kuban State University of Physical Culture, Sports and Tourism, Krasnodar, Russia
E. D. OSINA,
Master's degree, Head of the Public Relations Department, Kuban State University of Physical Culture, Sports and Tourism, Krasnodar, Russia

Abstract

The article is devoted to the issues of accounting and reflection in the financial statements of state sub-sidies in the context of a pandemic in accordance with IFRS, the forms of presentation of state subsidies, the features of their recognition as part of financial results are disclosed.

Keywords

government subsidy, organization, IFRS, financial result, accounts receivable, accounting, financial reporting.