Problems of accounting and analysis of use of the fixed assets of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 6, Issue
Abstract
Introduction. The economic activity of any enterprise involves the availability of fixed assets. This is the main element of the productive forces that contributes to the process of production, distribution, exchange and consumption of resources. The effectiveness of the use of fixed assets depends on the correct organization of accounting and continuous analysis of their condition and use. That is, from timely receipt of reliable accounting information, because on its basis entrepreneurs make their decisions on managing their property. Also, the reliability of the reported data on fixed assets in the financial statements depends on the degree of trust of users to the financial statements of the enterprise and the results of its analysis. Purpose. The purpose of the work is to determine the main problems of accounting, analysis of the use of fixed assets of the enterprise and the ways of their solution. Results. One can highlight the main problems of displaying information about the use of fixed assets in accounting and financial reporting, as well as its analysis. These are the problems of the financial reporting of the developed countries, the International Financial Reporting Standards, to some extent the AS. In our opinion, first of all, the reduction of consumer confidence and the impossibility to reflect the real state of the company's basic assets (reliability of information) should be attributed to the global problems of displaying assets in modern accounting, reporting and analysis. Conclusion. Problems recording information on the use of fixed assets in the financial statements: achievement of user confidence and ensuring the reliability of the information provided are global in nature. For Ukraine, their decision is a priority, as it is connected with the improvement of the investment climate and the increased competitiveness of Ukrainian enterprises. From the presented results and outcomes, the prospects for further research into the problems of the accounting and analysis of the company's main assets, which tend to go towards improving the rules for the formation of financial statements, are naturally determined; preparation of financial statements by the enterprise; audit of financial statements.
Authors and Affiliations
Mykhailo Anatoliiovych Shum, Liudmyla Viktorivna Chupryna, Anna Oleksandrivna Khilska
Keywords
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