ДЪРЖАВНИ ДАРЕНИЯ И ДЪРЖАВНИ ПОМОЩИ: ПРИЗНАВАНЕ, ОЦЕНЯВАНЕ И ОПОВЕСТЯВАНЕ. ПОДХОДИ ЗА ПРЕДСТАВЯНЕ ВЪВ ФИНАНСОВИТЕ ОТЧЕТИ С ОБЩО ПРЕДНАЗНАЧЕНИЕ В СЪОТВЕТСТВИЕ С МЕЖДУНАРОДНИТЕ СТАНДАРТИ ЗА ФИНАНСОВО ОТЧИТАНЕ
GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE: RECOGNITION, ASSESSMENT AND DISCLOSURE. APPROACHES TO THE PRESENTATION IN THE FINANCIAL STATEMENTS OF GENERAL PURPOSE UNDER THE INTERNATIONAL FINANCIAL REPORTING STANDARDS

Summary/Abstract: Under the pressure of unprecedented crisis that has rapidly developed and intensified in states on different continents – Asia, Europe, America, Australia, Africa, and elsewhere, and harmfully impacted the social, economic and political development of the world, the issue of government grants, subsidies and government assistance has increasingly attracted interest worldwide. Undoubtedly the consequences of the current crisis have wide-ranging dimensions both in short-term and long-term perspective and generate problems that pose challenges to humanity in unprecedented and unique manner. The topic of government grants and assistance has always been socially significant one as well as an important area in the subject scope of financial accounting. Under the burden of the current circumstances posed by the crisis the matter is increasingly gaining relevance, as well as the practical problems arising in the recognition and evaluation of government grants and the issues related to the policy of disclosure through the financial statements of general purpose. The crucial matter of choice of an appropriate approach to accounting for government grants and the requirements for disclosure of government assistance, which are the focus of the present article, are comprehensively discussed from both theoretical and methodological accounting viewpoint. The International Accounting Standards Board‘s fundamental prescriptions that the relevant standards, considered overriding principles by a considerable part of the international professional community embody, are analyzed in manner consistent with the author‘s objectives. The primary goal of the author is to explore and analyze the core of mostly endorsed approaches to the accounting for and presentation of government grants in the financial statements, highlighting essential positive and negative features. On the basis of comparative analysis with regard to the relevant guidelines underlying the philosophy of the U.S. Generally Accepted Accounting Principles, similarities and dissimilarities, are identified.

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