BALANCEING OF REAL ESTATE IN THE BUDGET

Mihailo Ćurčić; Slaviša Đorđević; Jana Cvijić Rodić

doi:10.59864/Oditor52502MC

Autori

Mihailo Ćurčić The Higher School of Vocational Business Studies "Biznis" Niš , Obrenovićeva 23, Niš, Serbia Author https://orcid.org/0000-0001-7674-0310
Slaviša Đorđević Faculty of Economics in Pristina with temporary seat in Kosovska Mitrovica, University of Pristina Author https://orcid.org/0000-0003-3202-427X
Jana Cvijić Rodić Belgrade Business and Arts Academy of Applied Studies, Kraljice Marije 73, Belgrade, Serbia Author https://orcid.org/0000-0002-6614-1055

DOI:

https://doi.org/10.59864/Oditor52502MC

Ključne reči:

real estate, public ownership, accounting recognition, valuation, public sector

Apstrakt

This paper explores how real estate is accounted for in the public sector, focusing on the application of IPSAS 16 and IPSAS 17, which govern the recognition, valuation, and reporting of publicly owned property. By examining examples of initial recognition, later valuation, and removal from records of both investment property and fixed assets, the paper demonstrates how proper use of international accounting standards enhances transparency and efficiency in managing public assets. It also emphasizes the importance of maintaining detailed records on the condition, value, and changes in real estate, which supports accurate financial reporting and strengthens accountability in public resource management.

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