Development of accounting of income and expenses in institutions of the public sector of the economy that provide services in the field of social services to the population

In our country, the reform of accounting and reporting in the commercial and public sectors of the economy continues. The most important objects of accounting that characterize the activities of both commercial and non-profit organizations are income and expenses. Due to the unresolved problems of accounting for income and expenses of public sector organizations in the system of Russian accounting standards, the reformed accounting should provide a solution to the problems of identifying the facts of the economic life of an institution that are qualified in accounting as income and expenses and determining the moment of their recognition; attributing income and expenses to the reporting periods for which the financial result is determined; providing information on the amount of income and expenses in reporting forms and using them as a basis for evaluating the effectiveness of the institution as a whole and in the context of funding sources, etc. This article gives an assessment of the current practice of accounting of income and expenses in budget institutions providing services in the field of social services of the population in the territory of the Voronezh region. Special attention is paid to the accounting of income and expenses when receiving subsidies for the performance of state (municipal) tasks and when carrying out income-generating activities by institutions. The measures for the further development of accounting (financial and managerial) accounting of income and expenses of the analyzed institutions are justified.