Methodology of accrual, organization of accounting and reporting of depreciation of fixed assets
Journal Title: Науковий вісник Полтавського університету економіки і торгівлі. Серія "Економічні науки" - Year 2018, Vol 5, Issue 90
Abstract
Annotation. Purpose. The article is devoted to the investigate the methodology of accrual accounting for depreciation of fixed assets as an important component of the accounting process at enterprises by the Regulation (standard) of accounting and the Tax Code of Ukraine and disclosure of information in the financial statements. Methodology of research. For the study of the methodology and organization of accounting for the depreciation of fixed assets, a dialectical approach and a method of comparison were seized. At the stage of collection, citation, and information processing, the method of induction was used, in the process of theoretical use, the method of deduction was used. Findings. The article reveals the essence and purpose of depreciation. The methods of depreciation calculation and their description are given. Features of determining the amount of depreciation of fixed assets under the Tax Code of Ukraine and regulatory legal documents on accounting are considered. The correspondence of accounting accounts of depreciation calculation is provided. The disclosure of depreciation information in the financial statements of an enterprise is used to analyze and make managerial decisions. Practical value. Considered the method of accrual of depreciation of fixed assets, taking into account the requirements of the Tax Code of Ukraine, will allow employees to not be mistaken in determining the financial results and ensure the completeness, truthfulness and reliability of accounting and reporting of enterprises, provided to users.
Authors and Affiliations
Y. Veryha, N. Novokhatka
Keywords
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