Methods for Recognition and Evaluation of Financial Statements of Non-Entrepreneurial (Non-Commercial) Legal Entities

Manana Mchedlishvili


The article is dedicated to the recognition and evaluation methods of financial reporting of non-profit legal entities. The authors note that the creation of financial statements of any entrepreneurial or non-profit organization is based on the IAS and IFR's international standards. Therefore, consider that it is important to analyze the standards used in the specific situation and to adapt to their various legal-legal firms. These decisions are based on the content of the work, in which the main focus is on the methods of recognition and assessment of the financial statements of non-entrepreneurial legal entities. Investigating Problems The authors conclude that the grants related to the asset are the grants granted to N(N)LE for the acquisition, creation, construction or other means of long-term assets and may provide additional terms that determine the type, deployment, acquisition of the asset or period of possession. Finally, the authors go to the conclusion that the financial statements of non-entrepreneurial legal entities are based on the use of the standard discussed in the paper.


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