Reporting gratuitously acquired funds in economic organizations

Lyubomira Dimitrova ()
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Lyubomira Dimitrova: Varna University of Economics

Business & Management Compass, 2013, issue 2, 108-117

Abstract: In the article there is clarified the economic and legal nature of the donations, sponsorship and financing obtained in the enterprises, since between those there exist clearly delimited differences, whereas in a purely practical aspect there is generally put a sign of equality between them. There is made a classification of the received grants, considered is the methodology of their accounting and disclosure in accordance with the base for the preparation of financial statements used by the enterprises - the National Financial Reporting Standards for Small and Medium-sized Enterprises or the International Financial Reporting Standards.

Keywords: grant; donation; financing; sponsorship; income (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:journl:y:2013:i:2:p:108-117

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