Peculiarities of Fixed Assets Accounting after January 1, 2015

Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 3

Abstract

The aim of the article is to study the peculiarities of regulatory and legal support of fixed asset accounting, which involves the further harmonization of accounting with tax accounting, gradually approaching the international standards. To achieve the aim of the study the ways to improve the methods of calculating depreciation were identified; optimal ways of revaluation of fixed assets were determined; the basic directions of accounting fixed assets disposal were studied; ways to improve accounting repairs of fixed assets were suggested; proposals for the harmonization of fixed asset accounting in accordance with international standards were presented. It was noted that as a result of the new rules of tax accounting of fixed assets after January 1, 2015 enterprises with annual revenues of more than 20 million USD have to calculate differences on various operations with fixed assets (such as calculating depreciation, sale, revaluation and decrease (recovery) of the fixed assets utility.

Authors and Affiliations

Nataliia Mardus, Svitlana Brik, Olena Falchenko

Keywords

Related Articles

World Experience of Tax Stimulation of Small Business

The specific character of application of taxation of the basic tools of tax stimulation of small business development in world practice has been considered in the article. The comparative analysis of the use of alternati...

Formation of the Institutional Environment in Transforming Economies of Postsocial Countries

The article analyzes the formation of market relations as a natural process of capitalism development in the countries that have shaped a socially oriented capital economy that meets purposes of the formation of postindu...

Efficiency of Working Capital Management in the System of Financial Safety of Trade Enterprises

The article investigates theoretical and methodological and practical aspects of managing the financial security of enterprises of wholesale and retail trade in Ukraine, summarizes the scientific approaches to assessing...

The Targeted Approach to Higher Education Management

The aim of the article is substantiating the expediency of management of higher education using targeted approach with determination of specific objectives of higher education on the basis of generalization of existing s...

High Technology Financing Systems

The article focuses on the properties of the innovative processes at industrial enterprises of the high technology sector viewed from the perspective of structural transformations in the system of innovative directions w...

Download PDF file
  • EP ID EP138241
  • DOI -
  • Views 104
  • Downloads 0

How To Cite

Nataliia Mardus, Svitlana Brik, Olena Falchenko (2015). Peculiarities of Fixed Assets Accounting after January 1, 2015. Проблеми економіки, 2015(3), 252-257. https://europub.co.uk/articles/-A-138241