Development of the accounting methodology of operations under energy service agreements

Vasilieva Narya Prokopyevna, Ivanova Aitalina Nikolaevna

This article discusses the methodology of accounting for operations under energy service contracts. Today, energy conservation is considered one of the main factors in increasing the efficiency of the Russian economy as a whole. The energy saving policy in Russia has taken up a wide scope of application of the energy service contract, since it allows qualifying as a specified contract an agreement that contains any set of operations and services aimed at energy saving and increasing the energy efficiency of energy consumption. Energy service contracts have firmly taken their place in the financial and economic activities of state and municipal institutions, however, the specifics of accounting (budget) accounting for their implementation are not fully disclosed. In Russian practice, there is practically no methodology for reflecting energy service contracts in accounting. In our opinion, the development of a regulatory document regulating accounting for energy service contracts can contribute to the development of the energy service market as a whole. Before undertaking global reforms in the field of energy service activities, it is necessary to study international financial reporting standards in terms of energy service contracts. A comparative analysis of the elements of financial statements in accordance with IFRS and RAS showed how different the methods of reflecting energy service contracts in accounting can be.

Keywords:energy service agreement; Accounting; reflection in reporting; IFRS; RAS.