Peculiarities of reforming the fixed assets transactions accounting and its impact on equity

The necessity of improving accounting operations with fixed assets has been observed in article. The article identified the shortcomings in accounting such transactions with fixed assets as capital repairs; devaluation, revaluation, realization and liquidation, which may lead to the distortion of their book value, operating costs, financial results and owners equity. A new approach in accounting for the above transactions with fixed assets has been proposed.