Accounting and analytical provision of use of main activities in enterprises
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 2, Issue
Abstract
Introduction. In a competitive environment, manufactured products should be of high quality and their cost should be at such a level that the rate of profit obtained from the sale of products ensures the process of simple and expanded reproduction, as well as satisfies consumer demand. One of the essential items of the cost of agricultural products are depreciation on fixed assets, the cost of maintaining them in working condition. Special relevance takes the efficiency of use of fixed assets and the rational organization of their accounting, with the subsequent reflection of the relevant information in the accounting (financial) statements of the organization. The solution of the problem is an integral part of reducing the cost of products and improving its competitiveness. Purpose. The purpose of the study is to develop theoretical and practical recommendations for improving the accounting and system of indicators for the economic analysis of the use of fixed assets of agricultural enterprises, in accordance with modern requirements for the effective conduct of economic activity. Results. The article defines the features of the accounting of fixed assets, namely approaches to the valuation, accounting, pre-sentation in the financial statements of fixed assets in accordance with AS and IFRS. The importance of valuation of property, plant and equipment at fair value for the purpose of compilation of reliable accounting is indicated. Generalized accounting tasks under Ukrainian law and IFRS have allowed us to conclude on the importance of financial reporting for users. A sequence of analysis of the use of fixed assets of enterprises in the present conditions of a competitive environment is formulated. Conclusion. It is necessary to comprehensively solve the problems of improving accounting and analyzing the use of fixed assets of agricultural enterprises, as well as the trends of harmonization of the national accounting system and the IFRS. The introduction of the developed improved methodological approaches to various areas of accounting for fixed assets, as well as the analysis of their use, will provide more complete and reliable information about the status of fixed assets and the level of efficiency of their use. The proposed recommendations can be used in the process of improving the accounting system for fixed assets in enterprises of the agro-industrial complex.
Authors and Affiliations
Mykhailo Anatoliiovych Shum, Oleksii Fedorovych Dorovskoi, Karyna Yuriivna Pakhomova
Keywords
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