THE PROBLEMS OF FIXED ASSETS CLASSIFICATION FOR ACCOUNTING

Authors

  • S.M. Kafka Ivano-Frankivsk National Technical University of Oil and Gas, Ministry of Education and Science of Ukraine, Department of Accounting and Audit, Karpatska Str., 15, Ivano-Frankivsk, 76019

DOI:

https://doi.org/10.15330/apred.2.12.178-185

Keywords:

non-current assets, fixed assets, accounting, valuation, classification of the fixed assets

Abstract

This article provides a critical analysis of research in accounting of fixed assets; the basic issues of fixed assets accounting that have been developed by the Ukrainian scientists during 1999-2016 have been determined. It is established that the problems of non-current assets taxation and their classification are the most noteworthy. In the dissertations the issues of fixed assets classification are of exclusively particular branch nature, so its improvement is important. The purpose of the article is developing science-based classification of fixed assets for accounting purposes since their composition is quite diverse. The classification of fixed assets for accounting purposes have been summarized and developed in Figure 1 according to the results of the research. The accomplished analysis of existing approaches to classification of fixed assets has made it possible to specify its basic types and justify the classification criteria of fixed assets for the main objects of fixed assets.

JEL:M41

Author Biography

S.M. Kafka , Ivano-Frankivsk National Technical University of Oil and Gas, Ministry of Education and Science of Ukraine, Department of Accounting and Audit, Karpatska Str., 15, Ivano-Frankivsk, 76019

Ph.D (Econ.),  associate professor

References

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Published

2016-04-26

Issue

Vol. 2 No. 12 (2016): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT"

Section

Accounting and analytical support of enterprises

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