THE CURRENT MECHANISM FOR FINANCING HIGHER EDUCATION INSTITUTIONS

Abstract

Modernization of the higher education system in our country, ensuring its economic independence, as well as improving the mechanisms of financing from extra-budgetary funds, is of urgent importance. In this regard, the need for accurate and effective accounting of the financial activities of higher education institutions, in particular, their income and expenses, and the use of advanced methods of accounting and financial analysis is increasing. Higher education institutions receive income from various sources in the implementation of their activities - the state budget, grants, income from paid-contract education, sponsorship, and other services. At the same time, their expenses are also multifaceted and are directed to the organization of the educational process, scientific research, development of the material and technical base, advanced training of personnel, and other areas. Therefore, it will be possible to ensure the economic stability of educational organizations by in-depth study of the scientific and theoretical foundations of accounting for income and expenses, their classification, development and implementation of modern mechanisms of financial accounting and reporting.