Features of Accounting for the Financing of Cluster Entities

Abstract

The successful functioning of modern cluster formations requires improving the information and analytical system, refining the set of management tools, and creating an adequate regulatory framework that clearly defines the rules of conduct and responsibility for non-compliance, effectively regulates contractual relations, and sets out control procedures. To date, a high-quality and systematic approach to accounting and information support for financing cluster activities has not yet been developed. Such an approach would help accelerate the creation and development of clusters and simulteneusly contribute to minimizing the corresponding costs within these associations. The purpose of the article is to formulate recommendations for accounting for targeted financing of clusters for effective management. The work determines that in Ukraine there is an independent model of formation of financial capital of clusters with a predominance in the structure of own sources (funds of its participants) and partial attraction of funds from various individuals and legal entities. However, to ensure expanded reproduction and effective functioning, it is necessary to diversify sources of financing, which can be carried out by attracting both budgetary and extra-budgetary funds. The current state and current issues of accounting for the financial support of clusters are considered and directions for their solution are outlined. Possible sources and forms of financing for clusters and a system for displaying information on accounting sub-accounts are established. It is determined that for the accounting system of clusters, the division of other funds of target financing by purpose is of fundamental importance. For this purpose, an own accounting approach is proposed, which involves the preliminary creation of additional analytical sections for accounts on which other funds of target financing are recorded: 4841 “Target financing of cluster activities” and 4842 “Target financing of cluster projects and programs”. In turn, within the framework of targeted financing of the cluster's activities, it is proposed to use third-order subaccounts: 48411 “Membership contributions”, which will record regular contributions from cluster participants, and 48412 “Other contributions”, which will record additional contributions and other funds from individuals and legal entities.