METHODOLOGICAL FOUNDATIONS OF THE RECOGNITION AND MEASUREMENT OF ACCOUNTING ELEMENTS IN PRIVATE HIGHER EDUCATION INSTITUTIONS
DOI:
https://doi.org/10.5281/zenodo.23280190Abstract
The article examines the methodological foundations for recognising and measuring accounting elements in private higher education institutions. The study highlights the importance of assessing economic substance when classifying inflows, as the same inflow may constitute equity, a liability or income depending on the conditions attached to it. A five-stage sequence of recognition and measurement decisions is substantiated, in which the funding source and the type of activity are treated as classification attributes rather than as supplementary information. The main conclusion is that, in the education sector, the assessment of economic substance must precede the selection of a measurement basis, and both must be documented in the accounting policy.Keywords
recognition, measurement, accounting elements, economic substance, contract liability, funding source, IFRS 15, historical cost, private higher education institutionReferences
1. Law of the Republic of Uzbekistan No. ZRU-637 dated 23 September 2020 “On Education”. - URL: https:// lex.uz/uz/docs/-5013007
2. Resolution of the President of the Republic of Uzbekistan No. PQ-4611 dated 24 February 2020 “On Additional Measures for the Transition to International Financial Reporting Standards”. - URL: https://lex. uz/uz/docs/-4746047
3. Financial Accounting Standards Board (FASB). Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities: Accounting Standards Update No. 2016-14. - Norwalk: FASB, 2016. — URL: https://storage.fasb.org/ASU%202016-14.pdf
4. International Accounting Standards Board (IASB). Conceptual Framework for Financial Reporting. - London: IFRS Foundation, 2018. - URL: https://www.ifrs.org/projects/completed-projects/2018/conceptualframework/
5. IFRS Foundation. IAS 16: Property, Plant and Equipment. - London: IFRS Foundation. - URL: https://www. ifrs.org/issued-standards/list-of-standards/ias-16-property-plant-and-equipment/
6. IFRS Foundation. IAS 20: Accounting for Government Grants and Disclosure of Government Assistance. - London: IFRS Foundation. - URL: https://www.ifrs.org/issued-standards/list-of-standards/ias-20- accounting-for-government-grants-and-disclosure-of-government-assistance/
7. IFRS Foundation. IAS 37: Provisions, Contingent Liabilities and Contingent Assets. - London: IFRS Foundation. - URL: https://www.ifrs.org/issued-standards/list-of-standards/ias-37-provisions-contingentliabilities-and-contingent-assets/
8. IFRS Foundation. IAS 38: Intangible Assets. - London: IFRS Foundation. - URL: https://www.ifrs.org/ issued-standards/list-of-standards/ias-38-intangible-assets/
9. IFRS Foundation. IFRS 9: Financial Instruments. - London: IFRS Foundation. - URL: https://www.ifrs.org/ issued-standards/list-of-standards/ifrs-9-financial-instruments/
10. IFRS Foundation. IFRS 15: Revenue from Contracts with Customers. - London: IFRS Foundation. - URL:
11. IFRS Foundation. IFRS 16: Leases. - London: IFRS Foundation. - URL: https://www.ifrs.org/issuedstandards/list-of-standards/ifrs-16-leases/
12. International Public Sector Accounting Standards Board (IPSASB). 2026 Handbook of International Public Sector Accounting Standards Board Pronouncements. - New York: IFAC, 2026. - URL: https:// www.ipsasb.org/publications/2026-handbook-international-public-sector-accounting-standards-boardpronouncements
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 ECONOSCITECH INTEGRATION
This work is licensed under a Creative Commons Attribution 4.0 International License.