THE ANALYSIS OF APPROACHES TO THE ESSENCE AND CLASSIFICATION OF FIXED ASSETS

Effectiveness of use of fixed assets depends on the organization of timely receipt of reliable and suf- ficiently complete accounting and economic information. In this regard, the role and significance of account- ing as one of the most important management functions increases. One of the essential elements for improv- ing the organization of accounting and analysis of fixed assets is their definition and classification. The article studies essence of the category "fixed assets" and approaches to their classification in order to improve their management, conduct qualitative management analysis and accounting. The conducted study made it poss- ible to systematize approaches to the classification of the category "fixed assets" in accordance with regula- tory and legal acts regulating their accounting and taxation in all economic entities, namely the Regulations of Accounting (Standard) 7 "Fixed Assets", International Accounting Standard 16 "Fixed Assets" and the Tax Code of Ukraine. The classification of fixed assets is presented on the forms of statistical and financial statements, and the analysis of approaches to their classification in the work of scientists according to their functional purpose, by affiliation, by industries and feature of use is carried out.