ANALYSIS OF NON-CURRENT ASSETS IN OIL AND GAS INDUSTRY
Journal Title: Науковий вісник Національного університету біоресурсів і природокористування України. Серія : Економіка, аграрний менеджмент, бізнес - Year 2018, Vol 2, Issue 290
Abstract
Ukraine's oil and gas industry carries out a full range of operations on exploration and development of oil and gas fields, exploitation and exploration drilling, transportation and storage of oil and gas, supply of natural and liquefied natural gas to consumers. Naftogaz of Ukraine in the accounting for the presentation of financial information on fixed assets, the revaluation model is used, that is, objects are recorded at a revalued amount, which is its fair value less any accumulated depreciation and subsequent accumulated impairment losses. Financial statements are based on the historical cost basis, except for property, plant and equipment valued at revalued amounts. Historical value is determined on the basis of fair value, compensation paid in exchange for goods and services. Fair value is calculated as the price received for the sale of an asset or paid for the transfer of a liability in the ordinary course of business between market participants at the valuation date, regardless of whether the price is directly observable or measured using another method. The assessment of certain components of non-current assets in the accounting of "Naftogaz of Ukraine" basically meets the requirements of international practice.
Authors and Affiliations
Ye. V. Kaluga
Keywords
Related Articles
- EP ID EP445908
- DOI -
- Views 116
- Downloads 0
COMPETENCY MODELS AND THEIR USE IN PRACTICE
The purpose of this article is to present the role of competency models in human resources management and to attempt an assessment of the number of organisations in Poland that have implemented such models, and of their...
ANALYTICAL REVIEW REFORMING THE SYSTEM OF STATE FOOD QUALITY CONTROL AND CONSUMER PROTECTION IN UKRAINE
The article highlights the issue of reform in the field of quality and food safety and food raw materials, examined the experience of foreign countries. It was determined that the creation of the State Service for Food S...
ПРОБЛЕМИ РОЗВИТКУ БІРЖОВОГО ТОВАРНОГО РИНКУ В УКРАЇНІ
Розглянуто сучасний рівень розвитку біржового товарного ринку країни та розкрито причини, що гальмують його зростання. Під час аналізу стану біржової торгівлі особливу увагу зосереджено на торгівлі сільськогосподарською...
ENERGY ENTERPRISES AGRICULTURAL AREAS: NATURE AND DIRECTIONS
The purpose of the article – consideration of theoretical and methodological provisions on the efficiency of energy saving in agricultural production, study of the main tendencies in the development of energy saving tech...
АНАЛІЗ ФУНКЦІОНУВАННЯ БІРЖОВОГО ФІНАНСОВОГО РИНКУ
Розглянуто сучасний стан функціонування біржового фінансового ринку, зокрема проаналізовано біржовий фондовий ринок України, валютний ринок Форекс. Визначено проблеми та висвітлено перспективи розвитку в майбутньому, адж...