Accounting valuation development of specific assets
The current issues of accounting estimate development are considered. The necessity of the development of accounting estimate in the context of the non-institutional theory principles based on the selection of a number of reasons is grounded. The reasons for deterioration of accounting reputation as...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Zhytomyr Polytechnic State University
2017-12-01
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| Series: | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
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| Online Access: | http://pbo.ztu.edu.ua/article/view/122258/117574 |
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| _version_ | 1850282067226525696 |
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| author | I.V. Zhigley I.A. Yuhimenko-Nazaruk |
| author_facet | I.V. Zhigley I.A. Yuhimenko-Nazaruk |
| author_sort | I.V. Zhigley |
| collection | DOAJ |
| description | The current issues of accounting estimate development are considered. The necessity of the development of accounting estimate in the context of the non-institutional theory principles based on the selection of a number of reasons is grounded. The reasons for deterioration of accounting reputation as a separate socio-economic institute in the context of developing the methodology for specific assets accounting are discovered. The system of normative regulation of accounting estimate of enterprise non-current assets in the case of diminishing their usefulness is analyzed. The procedure for determining and accounting for the depreciation of assets in accordance with IFRS 36 «Depreciation of Assets» is developed. The features of the joint use of the concept of «value in use» and «fair value» in the accounting system are disclosed. The procedure for determining the value of compensation depending on the degree of specificity of assets is developed. The necessity to clarify the features that indicate the possibility of diminishing the usefulness of specific assets (termination or pre-term termination of the contract for the use of a specific asset) is grounded. |
| format | Article |
| id | doaj-art-30b54ff52f394d5ea029f03f4524e0e5 |
| institution | OA Journals |
| issn | 1994-1749 1994-1749 |
| language | English |
| publishDate | 2017-12-01 |
| publisher | Zhytomyr Polytechnic State University |
| record_format | Article |
| series | Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу |
| spelling | doaj-art-30b54ff52f394d5ea029f03f4524e0e52025-08-20T01:48:07ZengZhytomyr Polytechnic State UniversityПроблеми теорії та методології бухгалтерського обліку, контролю і аналізу1994-17491994-17492017-12-01338617010.26642/pbo-2017-3(38)-61-70Accounting valuation development of specific assets I.V. ZhigleyI.A. Yuhimenko-NazarukThe current issues of accounting estimate development are considered. The necessity of the development of accounting estimate in the context of the non-institutional theory principles based on the selection of a number of reasons is grounded. The reasons for deterioration of accounting reputation as a separate socio-economic institute in the context of developing the methodology for specific assets accounting are discovered. The system of normative regulation of accounting estimate of enterprise non-current assets in the case of diminishing their usefulness is analyzed. The procedure for determining and accounting for the depreciation of assets in accordance with IFRS 36 «Depreciation of Assets» is developed. The features of the joint use of the concept of «value in use» and «fair value» in the accounting system are disclosed. The procedure for determining the value of compensation depending on the degree of specificity of assets is developed. The necessity to clarify the features that indicate the possibility of diminishing the usefulness of specific assets (termination or pre-term termination of the contract for the use of a specific asset) is grounded.http://pbo.ztu.edu.ua/article/view/122258/117574accounting estimatespecific assetsdepreciation of assets |
| spellingShingle | I.V. Zhigley I.A. Yuhimenko-Nazaruk Accounting valuation development of specific assets Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу accounting estimate specific assets depreciation of assets |
| title | Accounting valuation development of specific assets |
| title_full | Accounting valuation development of specific assets |
| title_fullStr | Accounting valuation development of specific assets |
| title_full_unstemmed | Accounting valuation development of specific assets |
| title_short | Accounting valuation development of specific assets |
| title_sort | accounting valuation development of specific assets |
| topic | accounting estimate specific assets depreciation of assets |
| url | http://pbo.ztu.edu.ua/article/view/122258/117574 |
| work_keys_str_mv | AT ivzhigley accountingvaluationdevelopmentofspecificassets AT iayuhimenkonazaruk accountingvaluationdevelopmentofspecificassets |