Ways to improve the methods of accounting and control over budgets implementation in higher educational institutions

Economic Annals-XXI: Volume 130, Issue 5-6(2), Pages: 58-61

Citation information:
Hryhoriv, O. (2013). Ways to improve the methods of accounting and control over budgets implementation in higher educational institutions. Economic Annals-XXI, 5-6(2), 58-61. https://ea21journal.world/index.php/ea-v130-17/

Olha Hryhoriv
Lecturer,
Vasyl Stefanyk Precarpathian National University, Ivano-Frankivsk, Ukraine
olga_grygoriv@ukr.net

Ways to improve the methods of accounting and control over budgets implementation in higher educational institutions

Abstract. This article is devoted to the comprehensive assessment of the budget implementation methods and improvement of accounting in higher educational institutions. Taking into account the main drawback of the method which is non-systemacity, the control scheme for its own performance has been worked out. That gives the opportunity to provide systematic control using additional accounts to account income and expences, revenues and expenditure of money. The author reveals the role of internal control which provides opportunities to ensure the reliability and efficiency of information about income and expenses from the centers of responsibility and the institution as a whole. The proposed approach will fetch out the deviation from planned expenditures and their causes to make further decisions.

Keywords: Accounting; Control; Internal Control; Deviation; Budget; Higher Education Institution

JEL Classification: M41; I23

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Received 04.04.2013