Approaches to Accounting of the Capitalization of Rights to Use Land Assets

The purpose of the article is to develop methodological approaches to accounting of the transactions related to land asset use rights in activity of different business entities. Transactions related to origination of land use rights such as land servitude, perpetual lease and superficies are found to be necessarily accounted for by entities of various forms of incorporation (except for public entities) as such rights are captured in legislation and there are no accounting legal standards dealing with such transactions at all. It deals with the analysis of the legal regime of existence of such rights, distinguishes essential differences between them and outlines their influence on capitalization and non-capitalization of expendures related to establishment of limited land plot use rights. Methodological approaches used for accounting for the originated use rights such as land servitude, perpetual lease and superficies are proposed both for land plot holders and users (servituary, superficiary and emphyteut).