Kovalenko O. Accounting and Control of Cultural Property in Ukraine

The aim of this thesis is a comprehensive study of theoretical, methodological and practical issues of accounting and control of cultural property in Ukraine that meets modern requirements and strategic objectives. The conducted research allowed to develop theoretical approaches to the understanding of the basic concepts in the field of accounting and control of cultural property. It was achieved through clarifying the essence of the concept "cultural property" and working-out their general classification. By means of improving the form of the scientifically unified passport and designing the form of the Cultural Property Registration Card for accounting use, the approaches to the documenting of the transactions with cultural properties were refined. The study succeeded in upgrading the methodical regulations of the cultural property accounting in budget funded museum institutions by introducing to the account 111 "museum property" the control accounts of the second and third orders. The thesis worked out theoretical and methodological aspects of cultural property accounting by defining characteristics of accounting principles in the context of the research object and approaches to assessing the cultural heritage. The work advanced the accounting method for incoming charity contributions received in cash by state funded institutions (museums) through introducing the control account of the second order to the accounts 712 and 812, respectively, of revenue and expenditure for the institutions with other income sources, in order to allow the benefactor to define application areas for the donations made. The paper revealed organizational model of the efficiency audit for museum institutions by means of including question points on the effective management of the attracted resources from sponsorship organizations and private sponsors (investment programs). Further research focused on organizational and methodological regulations of internal control of budget-funded museum institutions conducted by the internal audit unit of the Ministry of Culture of Ukraine. The paper helps to improve organization of the work of the internal audit staff in museum institutions due to the introduction of the appropriate Regulations on Internal Audit for these institutions.