IMPROVING ACCOUNTING AND REPORTING IN PRIVATE SCHOOL AND PRE-SCHOOL INSTITUTIONS

Abstract

This article discusses the main theoretical aspects of financial reporting in the system of managing the activities of private preschool and school institutions. The article contains information about the concept of a financial report and reporting forms. The article also describes the main features of determining cost and the main cost items. We also recommend simplified reporting forms. As we said earlier, when educational institutions provide services, all expenses are generally included in the cost of the service provided. The article contains the main expense items: food expenses, labor costs, stationery expenses, library fund expenses, toys expenses, depreciation expenses of fixed assets, rental expenses, expenses for organizing holidays, expenses for excursions and trips. children for various events. All listed expenses are included in the cost of the service provided. Therefore, this article provides a complete description of the simplified form of the income statement. The article also contains information about the recommended simplified form of the cash flow statement and simplified balance sheet.

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