Actual Problems of Accounting Ensuring Asset Management at the Enterprises of Ukraine

Yuliya Timoshchenko ()
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Yuliya Timoshchenko: Odessa National Economic University

Chapter Chapter 55 in New Trends in Finance and Accounting, 2017, pp 599-608 from Springer

Abstract: Abstract At this stage of development of Ukraine, a task of management of assets of the enterprises working in the conditions of an unstable social and economic environment, it is necessary to solve in system approach. The conducted research confirms opinion that traditional balance theories cannot always be base for formation of actual information at different adoption of decisions, both internal and external users. The assessment of assets at historical cost has a shortcoming which, under certain conditions, can become very essential. This type of an assessment will lead to distortion of financial position, as fixed assets which have identical characteristics, but have been acquired at different times, will have also different cost. The principle of an assessment at prime cost protects interests of the state represented by tax authorities better: providing more exact calculation of profit, it promotes increase in the income of the state budget at the expense of taxes. Use of this or that cost has to be reasonable and has system character. For this purpose, it is necessary to develop scientific justification of the applied methods of estimation of cost of assets of the enterprises depending on a stage of their development.

Keywords: International financial report standards; Assets; Valuation of assets; Fair value (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-49559-0_55

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DOI: 10.1007/978-3-319-49559-0_55

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