PECULIARITIES OF INVENTORY IN PUBLIC SECTOR OF ECONOMY OF UKRAINE

Authors

  • Mykola Denisenko Kyiv National University of Technology and Design
  • Nataliya Mamontova National University of Ostroh Academy
  • Anna Novak National University of Ostroh Academy

DOI:

https://doi.org/10.36690/2674-5208-2020-4-53

Keywords:

institutions of the public sector of the economy, inventory, inventory commission, regulations on inventory

Abstract

The peculiarity of the activities of public sector institutions of the Ukrainian economy is that they are forced to form and use their resources within the approved budget of revenues and expenditures. That is why it is important to monitor the condition and preservation of the property of such institutions. The purpose of the study is to identify ways to improve the stage of preparation for the inventory and its documentation by developing and approving an internal regulation on the inventory of public sector institutions. During the study of the essence of the concept of "institutions of the public sector of the economy", the principles and features of the inventory were used methods of scientific analysis, synthesis, scientific abstraction, the method of theoretical and logical generalization. One of the methods of control over the proper storage and use of the resource base of public sector institutions is inventory. The purpose of the study is to examine ways to improve the process of preparation and documentation of inventory in public sector institutions of the Ukrainian economy. General scientific and specific methods of scientific research were used in studying the issue. The issue of conducting an inventory and qualitative reflection of its results always remains relevant. According to our study, the emphasis was on recommendations for public sector institutions to develop and implement internal regulations on inventory of assets and liabilities, which will greatly simplify their current work not only before the preparation of annual financial statements but throughout the financial year.

Author Biographies

Mykola Denisenko, Kyiv National University of Technology and Design

Doctor of Science (Economics), Professor of the Department of Economics and Service, Kyiv National University of Technologies and Design, Kyiv, Ukraine

Nataliya Mamontova, National University of Ostroh Academy

Doctor of Science (Economics), Professor, Department of Finance, Accounting and Audit, National University of Ostroh Academy, Ostroh, Ukraine

Anna Novak, National University of Ostroh Academy

Lecturer of the Department of Finance, Accounting and Auditing, National University of Ostroh Academy, Ostroh, Ukraine

References

The Verkhovna Rada of Ukraine (1999), The Law of Ukraine “On Accounting and Financial Reporting in Ukraine”, retrieved from : https://zakon.rada.gov.ua/laws/show/996-14#Text.

Cabinet of Ministers of Ukraine (2014), “Regulations on inventory of assets and liabilities”, retrieved from : https://zakon.rada.gov.ua/laws/show/z1365-14#Text.

Cabinet of Ministers of Ukraine (2000), “Regulations on the inventory of military property in the Armed Forces”, retrieved from : https://zakon.rada.gov.ua/laws/show/748-2000-%D0%BF#Text.

Cabinet of Ministers of Ukraine (2013), “The procedure for conducting an inventory of equipment in state and municipal health care facilities that provide secondary (specialized) and tertiary (highly specialized) medical care”, retrieved from : https://zakon.rada.gov.ua/laws/show/711-2013-%D0%BF#Text.

Board of the National Bank of Ukraine (2017), “Regulations on conducting cash transactions in the national currency in Ukraine”, retrieved from : https://zakon.rada.gov.ua/laws/show/v0148500-17#Text.

Cabinet of Ministers of Ukraine (2015), “On approval of standard forms for reflection of inventory results by budgetary institutions”, retrieved from : https://zakon.rada.gov.ua/laws/show/z0788-15#Text.

Luchko, M. R. and Rozheliuk, V. M. (2018), Reporting of public sector institutions, Economic Thought, Ternopil, Ukraine, 180 p.

Bradul, A., & Shepeliuk, V. (2020). Detection and prevention of shadow activity of enterprises in the modern economy of ukraine. Economics, Finance and Management Review, (3), 50-57. https://doi.org/10.36690/2674-5208-2020-3-50.

Additional Files

Published

2020-12-07

How to Cite

Denisenko, M., Mamontova, N., & Novak, A. (2020). PECULIARITIES OF INVENTORY IN PUBLIC SECTOR OF ECONOMY OF UKRAINE. Economics, Finance and Management Review, (4), 53–58. https://doi.org/10.36690/2674-5208-2020-4-53

Issue

Section

Chapter 2. Development of Finance, Accounting and Auditing