Errors in accounting of budgetary institutions: methods of correction and prevention

Abstract

The essence and types of accounting errors of budgetary institutions by different classification criteria are considered in the paper. Particular attention is paid to such methods of correcting accounting errors as the method of additional accounting entries, the method of “red reversal” and correction errors in the financial statements of budgetary institutions and cases of their application. In order to comply with the principles and rules of accounting in budgetary institutions and timely detection of errors, the need for regular internal control is justified.