Template-Type: ReDIF-Article 1.0
Author-Name: Tatyana G. Arbatskaya
Author-Email: arbatatyana@mail.ru
Author-Workplace-Name: Baikal State University, Irkutsk 664003, Russia
Title: Problems in Accounting of Bad Debts Reserve of Public Sector Organizations
Abstract: The article describes the main directions of reforming the accounting of accounts receivable and allowance for doubtful accounts of public sector organizations. It also compares the requirements for accounting of accounts receivable and allowance for doubtful accounts in organizations of the private sector of the economy and in public sector organizations, as well as taxation. The author's proposals are aimed at further improvement of the methodology and methods of accounting in the public sector. The author suggests that the list of criteria for doubtful accounts recognition be expanded with a criterion for the absence of receivables security with guarantees provided by law or by contract. In addition, the author sets forth a supplementation of the chart of accounts with a synthetic account for accounting of bad debts reserve and correspondence of accounts for forming and using bad debt reserve and allowance for doubtful accounts. According to the author, the improvements proposed would allow one to take into account receivables and financial results of a given organization in the public administration sector in accounting and financial statements in accordance with the federal standard requirements.
Classification-JEL: M41, M48
Keywords: public sector organizations, budget revenue, accounts receivable, allowance, allowance for doubtful accounts
Journal: Finansovyj žhurnal — Financial Journal
Pages: 91-105
Issue: 3
Year: 2019
Month: June
DOI: 10.31107/2075-1990-2019-3-91-105
File-URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2019/3/statii/fm_2019_3_07.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:190307:p:91-105