Specifics of accounting recognition and reflection of government assistance funds for agro-industrial complex organizations

Abstract

Despite the economy denationalization, a great number of non-budgetary organizations (state and municipal unitary enterprises as well as economic partnerships and companies) are still financed from the budget to a varying degree. Budgetary financing is a non-repayable provision of state budgetary funds to enterprises, institutions, organizations to cover their expenses in full or partially. Besides, there are transactions with characteristics of targeted financing in the economic practice and between commercial organizations. Almost in all countries, government and assistance is rendered to agricultural enterprises to ensure their effective work. As a rule, funds allocated for the sector support are earmarked and strictly controlled by government authorities in terms of compliance with their destination.