PECULIARITIES OF ACCOUNTING OF FIXED ASSETS AND INTANGIBLE ASSETS IN THE TELECOMMUNICATIONS INDUSTRY

The article considers the features related to the accounting of property, plant and equipment (fixed assets) and intangible assets in the field of telecommunications. It is proved that fixed assets and intangible assets are the basis for generating income of telecommunications companies. The problems of transfer of ownership of the purchased telecommunication equipment and ways of its solution are outlined. The components of initial cost that are specific to fixed assets and intangible assets used in the telecommunications sector are identified. Such elements include specific software for radio equipment, dismantling costs, costs of technical inspections during operation. An approach to the allocation of wage costs, which are included in the initial cost of fixed assets between objects, is proposed. The criteria of capitalization of expenses for technical inspections of telecommunication equipment, as well as the reflection of such operations in accounting are studied. The procedure for determining the expected future costs for the dismantling of telecommunications equipment is analysed, accounting entries are given to reflect these costs in accounting. The main sources of information for use in the calculation of expected future costs for dismantling of telecommunications equipment are indicated. The key factors in determining the useful life of fixed assets and intangible assets in the field of telecommunications are revealed. The reasons for the presence of a significant part of fully depreciated telecommunications equipment in the fixed assets of domestic mobile operators, which is still in operation, are determined. The practical aspects of determining the date of posting, method of amortization and amortization period of licenses for the use of radio frequency resources as the main components of intangible assets of telecommunications operators are presented.