REGULATORY AND LEGAL BASIS OF ORGANIZING THE ACCOUNTING OF EXTRA-BUDGET FUNDS (IN THE EXAMPLE OF HIGHER EDUCATION INSTITUTIONS)

Abstract

This article is aimed at researching the regulatory and legal basis of the organization of accounting of extra-budgetary funds of higher education institutions. In the organizational and legal form of the state higher education institution, a number of its features that are not similar to other entities are described. The composition of extra-budgetary funds in higher education institutions and the classification of entrepreneurship and non-entrepreneurship activities are given. Issues of improving existing principles in the system of extra-budgetary funding in educational institutions, revising and supplementing the charter of the higher education institution, and clearly defining the areas of activity that can bring additional extra-budgetary funds are described. Statistical research methods such as systematic approach, comparative analysis, grouping, and comparison are widely used in the work. As extra-budgetary activities of the higher education institution, the classification of its activities related to business activity and not related to business activity was determined. The proposed classification serves as a basis for determining the direction of effective cash flow management of the higher education institution in the future.