About Valuation of Receivables of Non-Profit Organizations Managing Housing Stock in the Transition to IFRS

The main source of financing for non-profit organizations managing housing stock is the maintenance fees of apartment owners, calculated in proportion to their share in the right of common ownership of this property. Therefore it is important for such organizations to control the receivables of apartment owners, as the risk of potential problems related to debt recovery and cash flow uniformity increases as the delay increases. We presume that voluntary establishment and independence of such non-profit organizations implies a much greater openness and increases the requirements for volume and quality of their reporting information. The article considers the possibility of applying IFRS developed for the commercial sector in the accounting practice of non-profit organizations, taking into account adjustments due to the peculiarities of non-profit activities. We've applied the discount method in terms of IFRS 9 and IFRS 13 to the valuation of receivables for housing and communal services, which allows for the formation of reliable reporting indicators for subsequent evaluation and correct management decisions. The paper concludes with proposed determination the expediency of switching to cession contracts providing assignment of the right to recover overdue receivables of the apartment owners, taking into account the temporary cost of money in constructing both