Topical issues of accounting for other non-current tangible assets and directions of their solution

Shendryhorenko, Maryna and Шендригоренко, Марина Трохимівна and Karchenkova, Olena and Карченкова, Олена Леонідівна (2019) Topical issues of accounting for other non-current tangible assets and directions of their solution. Бізнес-навігатор (5-2(54). pp. 137-140. ISSN 2522-4751

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Abstract

The article describes the problematic aspects of accounting for transactions with other tangible fixed assets by economic entities. The methodological basis of the research is the achievements of domestic scientists in the organization of accounting for other non-current tangible assets. The main problems with the organization of accounting for other fixed assets of economic entities, which are disclosed in the article include: the existence of different approaches to determine the economic nature of other fixed tangible assets, both in accounting and in tax accounting; the difficulty of choosing the optimal method of valuation of other tangible fixed assets; the problem of information support for the management of material and technical base. The problem of the difficulty of determining the directions of organization of effective document circulation at the enterprise is also considered. Issues that have a negative impact on the efficiency of use of other non-current tangible assets are systematized. The peculiarities of the organization of accounting for the movement of other non-current tangible assets are considered, as well as the directions of improvement of the accounting process at the enterprise. Suggestions are made to increase the efficiency of accounting for other non-current tangible assets. Ways to improve the organization of accounting for other fixed assets at enterprises include: establishment of the need to calculate depreciation after one month in which the object of other tangible fixed assets was commissioned, which has been documented introduce an effective system of internal control over the conservation and efficient use of other non-current tangible assets; introduce a document flow chart that will allow at the lowest cost of labor, material and financial resources to ensure timely completion of the tasks; ensure management of other non-current tangible assets in order to maximize their effective use in the process of financial and economic activity of the enterprise. Using the results of the study will solve the question of improving the organization of accounting for other non-current tangible assets.

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