PECULIARITIES OF THE ACCOUNTING OF TRANSFERS IN ASSOCIATIONS

Abstract

This article applies the methods of analysis and synthesis of laws and scientific sources, case studies and other methods to analyse in detail the essence of associations as non-profit entities, the regulation of accounting for their transfers and the peculiarities of their organisation in the Lithuanian case. It investigates the activities of associations as public legal entities, with particular specific focus on their transfers accounting peculiarities, which are based on the provisions of the laws of the Republic of Lithuania. The article thoroughly examines specific economic operations characteristic of associations, particularly those related to transfers. It analyzes their impact on the operational results and financial statements of associations. The research includes insights into how transfers and revenue influence operational result reports and details their presentation in the tax report for receiving and utilizing donations (FR0478), which is an important tool for ensuring transparency and accountability. Through this comprehensive analysis, the article provides a deeper understanding of how associations manage their transfers accounting in accodance with legal requirements.