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Organizational and Methodical Aspects of Accounting for Capital Investments

Journal: Oblik i finansi (Vol.1, No. 83)

Publication Date:

Authors : ; ;

Page : 71-82

Keywords : capital investments; accounting policies of the enterprise; documenting operations with capital investments; capital improvements; repair costs;

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Material and resource support of production directly depends on the volume, structure and areas of investment, accounting of which plays a key role in the system of managing the investment activity of an enterprise. The purpose of the article is the disclosure and improvement of the organizational and methodical foundations of capital investment accounting. The elements of accounting policies for capital investments of the enterprise were systematized. It was revealed that it is advisable for an enterprise to develop its own classifier of cost repairs for fixed assets, for example, in the form of the Regulations on repairs and improvements in fixed assets. Such regulation document can be an annex to the enterprise accounting policies. It is advisable also approve the composition of the commission responsible for the distribution of expenses for current repairs and capital investments. The legal and regulatory framework for documentation of capital investments accounting was disclosed. A modified form of the "Report on receipt and conveyance of the repaired, reconstructed and modernized facilities" was proposed. The analysis of the subaccounts proposed by scientists for accounting of capital investments was made. To summarize the information on the capital investments of the enterprise, to assess effectiveness and further planning, a separate management accounting document – the "Register on the capital investments" was proposed. It was revealed that at the present stage there are a number of irregularities in the regulatory and methodical support of accounting for capital investments. So, there is the need to develop a separate National Accounting Standard or at least methodical recommendations on accounting for capital investments. The presented in the article methodical bases of accounting for capital investments by introducing additional analytical nomenclatures to the accounts will help to accumulate information both in the areas of capital investments (acquisition, manufacture, modernization and overhaul) and in the areas of costs.

Last modified: 2019-04-05 22:33:45