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RESEARCH CENTER FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS of Ukraine (KHARKIV, UKRAINE)

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Liburkina L. M.

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Methodological Foundations of Grant Accounting under National Accounting Standards and IFRS: Comparative Analysis and Harmonisation Directions
Kucherenko T. Y., Mykhailovyna S. O., Matros O. M., Pidlubna O. D.

Kucherenko, Tamara Ye. et al. (2026) “Methodological Foundations of Grant Accounting under National Accounting Standards and IFRS: Comparative Analysis and Harmonisation Directions.” Business Inform 8:320–331.
https://doi.org/10.32983/2222-4459-2026-8-320-331

Section: Accounting and Auditing

Article is written in Ukrainian
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UDC 657.3:334.72(477)

Abstract:
The article examines the methodological foundations of grant accounting under the parallel application of the Ukrainian National Accounting Standards (NAS) and International Financial Reporting Standards (IFRS). The relevance of the study stems from the absence of a comprehensive comparative framework for grant accounting methodologies within the national accounting system, which complicates the development of accounting policies for entities that prepare financial statements simultaneously for domestic regulators and international donors. The aim of the study is to systematise the methodological foundations of grant accounting under NAS and IFRS, identify conceptual differences between them, and substantiate directions for harmonising the Ukrainian accounting methodology with international practice. The research methodology is based on general scientific and special research methods, including analysis, synthesis, comparison, systematisation, generalisation, logical modelling, and regulatory analysis of the provisions of NAS, IAS 20, IAS 41, IFRS 15, and related regulations. As a result of the study, the methodological foundations of grant accounting were systematised, approaches to their classification, recognition, measurement, presentation in financial statements, and disclosure were generalised, and a comparative analysis of the provisions of the NAS 15 «Revenue» and IAS 20 «Accounting for Government Grants and Disclosure of Government Assistance» was carried out. It was found that NAS lacks a formalised classification model for grants, has limited options for presenting them in financial statements, does not regulate the measurement of non-cash and conditional grants, and lacks a systemic approach to accounting for grant repayment. The scientific novelty lies in the comprehensive systematisation of the methodological components of grant accounting under both accounting systems, the development of an integrated comparative model of their methodological differences, and the substantiation of practical directions for harmonising the Ukrainian accounting methodology with IFRS requirements. The practical significance of the findings is associated with their application in improving accounting policies, financial reporting prepared by grant recipients, and supporting the further development of national accounting regulation in the field of grant accounting, particularly under the conditions of Ukraine’s postwar economic recovery.

Keywords: grants; targeted financing; accounting methodology; National Accounting Standards (NAS); IAS 20 «Accounting for Government Grants and Disclosure of Government Assistance»; income recognition; grant classification.

Fig.: 2. Tabl.: 3. Bibl.: 25.

Kucherenko Tamara Ye. – Doctor of Sciences (Economics), Professor, Professor, Department of Accounting and Taxation, Uman National University (1 Instytutska Str., Uman, Cherkasy region, 20305, Ukraine)
Email: [email protected]
Mykhailovyna Svitlana O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Taxation, Uman National University (1 Instytutska Str., Uman, Cherkasy region, 20305, Ukraine)
Email: [email protected]
Matros Olena M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Taxation, Uman National University (1 Instytutska Str., Uman, Cherkasy region, 20305, Ukraine)
Email: [email protected]
Pidlubna Olha D. – Senior Lecturer, Department of Accounting and Taxation, Uman National University (1 Instytutska Str., Uman, Cherkasy region, 20305, Ukraine)
Email: [email protected]

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