Home  Journals  International Accounting  21(219) - 2012 June

Formation and the recording in accounting of cost of fixed assets according to requirements of international standards of the financial reporting

Available online: 30 May 2012

Subject Heading: PROBLEMS. OPINION. SOLUTIONS

JEL Classification: 

Important condition of the organization of accounting and the analysis of fixed assets is the real estimation of their cost. In the clause the order of forming of separate cost types of the fixed assets, applied in the Russian and international registration practice is considered. On concrete examples the order of forming and recording in accounting liquidating, depreciable, discounted, compensated and fair value of fixed assets according to requirements of international standards of accounting and the reporting is shown. Reasonable forming and recording in accounting of cost of fixed assets will allow to raise reliability of accounting records in the conditions of adaptation of domestic and international systems of accounting.

Keywords: fixed assets, biological assets, estimation, international standards, financial reporting, replacement cost, liquidating cost, depreciable cost, compensated cost, discounted cost, fair value of fixed assets

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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