WAYS OF IMPROVING ACCOUNTING OF FIXED ASSETS OF ENTERPRISE: INTERNATIONAL EXPERIENCE AND DOMESTIC PRACTICE

The article identifies the place of accounting in the economic activity of the state, and also outlines the need of effective accounting of fixed assets, as one of the most important factors of any production. In addition, was determined the degree of research into the issues of accounting for fixed assets by scientists and revealed the lack of due attention to the issues of integration of international standards into domestic accounting activities. In the course of the research, it is determined which documents regulate accounting. It is analyzed the essence of the concept of fixed assets, determined by the accounting standard (standard), domestic scientists and international standard. We summarized the common and distinct features. Also in the article is carried out a comparative analysis of the constituent elements of the fixed assets category in Ukraine and in other countries, such as Great Britain, USA, Russia, Poland, and by IASB. In addition, were identified differences in the classification of fixed assets in other countries. It is determined the essence, types and procedure of monetary valuation of fixed assets for accounting purposes. In the scientific article, is determined the value criterion for the assignment of assets to the composition of fixed assets in domestic and foreign practice. It is analyzed the essence of depreciation and determined the existing methods of its carrying out in Ukraine. Also it is disclosed the essence of these methods and listing the advantages and disadvantages of each. Were widely discussed the methods of carrying out depreciation abroad, on the basis of which recommendations were made to change the method of depreciation in our country. Taking into account the conducted research, have been formed the recommendations on reforming the process of accounting for fixed assets in the direction of adaptation to the needs of international standards.