THE ANALYSIS OF APPROACHES TO THE ESSENCE AND CLASSIFICATION OF FIXED ASSETS

• Main Authors: T. Stupnytska, O. Yevtushevska, V. Pryimak
• Format: Article
• Language: English
• Published: Odessa national academy of food technologies 2018-07-01
• Series: Ekonomìka Harčovoï Promislovostì
• Subjects: fixed assets, classification of fixed assets, group of fixed assets, classes of fixed assets, normative-legal acts.
• Online Access: http://journals.gsjp.eu/index.php/fie/article/view/967

<span>Effectiveness of use of fixed assets depends on the organization of timely receipt of reliable and sufficiently complete accounting and economic information. In this regard, the role and significance of accounting as one of the most important management functions increases. One of the essential elements for improving the organization of accounting and analysis of fixed assets is their definition and classification. The article<br /><span>studies essence of the category "fixed assets" and approaches to their classification in order to improve their<br /><span>management, conduct qualitative management analysis and accounting. The conducted study made it possible to systematize approaches to the classification of the category "fixed assets" in accordance with regulatory and legal acts regulating their accounting and taxation in all economic entities, namely the Regulations<br /><span>of Accounting (Standard) 7 "Fixed Assets", International Accounting Standard 16 "Fixed Assets" and the Tax<br /><span>Code of Ukraine. The classification of fixed assets is presented on the forms of statistical and financial<br /><span>statements, and the analysis of approaches to their classification in the work of scientists according to their<br /><span>functional purpose, by affiliation, by industries and feature of use is carried out.</span></span></span></span></span></span><br /><br class="Apple-interchange-newline" /></span>