Subject The subject of the study is to analyze the works of domestic and foreign authors on non-monetary asset valuation in accounting practice. When studying valuation problems in accounting, it is important to consider not only the group of factors contributing to changes in the general price level, but also the causes of estimate variability, which are peculiar only to non-monetary assets. Objectives The study aims at identifying new characteristics that have an impact on the valuation of non-monetary assets. To achieve the objective, it is necessary to study the categories of cost and value, systematize the existing works on valuation in accounting, compare the existing approaches to valuation, identify common feature and explore it. Methods During the study, I employed a set of general scientific methods, like analysis and synthesis, formalization, abstraction and classification. Results I classified the existing approaches to non-monetary asset valuation in accounting practice. I introduced a new attribute of the certainty level of estimates, which makes a basis of the classification of non-monetary assets evaluation in financial accounting. The obtained results may serve as material for further research on the subject. Conclusions and Relevance I conclude that the time factor is one of crucial ones in non-monetary asset valuation. Since the degree of certainty is a common feature both for asset evaluation and for problems solved within financial accounting, the significance of the offered classification is that it contributes to solutions to accounting problems by selecting appropriate types of non-monetary asset evaluation.
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