PRIVATE HIGHER EDUCATION INSTITUTIONS AS AN OBJECT OF ACCOUNTING
DOI:
https://doi.org/10.5281/zenodo.22269152Abstract
The article substantiates the position of private higher education institutions as a distinct object
of accounting. It reveals six characteristics that distinguish such institutions from both commercial entities and
state-financed educational organisations: the dual nature of their activity, the composition of their revenue
sources, the extended service cycle, the specific structure of assets, the diversity of financing sources and the
multiplicity of accountability addressees. It is substantiated that these characteristics are not merely sectoral
features but factors that directly determine recognition, measurement and disclosure decisions. The main
conclusion is that accounting in private higher education institutions requires a sector-specific methodological
approach rather than the mechanical application of general commercial accounting practice.
Keywords
private higher education institution, object of accounting, educational services, tuition contract, funding sources, service cycle, accountability, IFRS 15, sectoral accounting.References
IASB. Conceptual Framework for Financial Reporting. — London: IFRS Foundation, 2018.
IFRS 15 “Revenue from Contracts with Customers”. — London: IFRS Foundation.
IAS 16 “Property, Plant and Equipment”; IAS 38 “Intangible Assets”; IFRS 16 “Leases”; IAS 20 “Accounting
for Government Grants”. — London: IFRS Foundation.
FASB. ASC 958 “Not-for-Profit Entities”. — Norwalk: FASB.
IPSASB. International Public Sector Accounting Standards. — New York: IFAC.
NACUBO. Costing methodology for higher education. — Washington: NACUBO.
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Law of the Republic of Uzbekistan “On Accounting” No. LRU-404 of 13 April 2016. https://lex.uz/docs/-
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Decree of the President of the Republic of Uzbekistan No. PF-5847 of 8 October 2019 “On approval of the
Concept for the development of the higher education system of the Republic of Uzbekistan until 2030”.
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