CONCEPTUAL FRAMEWORK FOR PROJECT BUDGETING IN FOUNDATIONS KEEPING SIMPLIFIED RECORDS OF REVENUES AND COSTS

The changes, which were implemented in recent years in the scope of keeping records of the business activity conducted by foundations and the related reporting, have resulted in partial harmonization of the widely understood obligatory reporting. However, the implementation of facilitations in this scope, above all in the form of simplified records of revenues and costs, results in ambivalent attitudes. On the one hand, they are an opportunity for the smallest foundations and those starting their business activity. On the other hand, however, they are largely based on tax law and their construction, compared to accounting books, significantly limits the possibility to generate useful information for management purposes. The presented in the article framework of project budgeting, which takes into account the aspects of keeping the said records, is a solution supporting management of foundations in a project (task) perspective. In particular, this issue is important for foundations starting their activity, for those with limited resources as well as those, which face difficulties in obtaining external financing. Therefore, the aim of the article is to present general concepts for budgeting projects for foundations keeping simplified records of revenues and costs. In the study, the author used the methods of induction, deduction and analysis. Importantly, simplified records may foster or hinder the foundations' development. The article provides a contribution to further work on the presented concept. Project budgeting is a tool of managerial accounting and its attributes are compatible with statutory and task-oriented character of activities of all foundations.

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