Home  Journals  International Accounting  41(287) - 2013 November

Actual issues of provision for impairment of tangible assets in accounting records

Available online: 12 November 2013

Subject Heading: PROBLEMS OF ACCOUNTING

JEL Classification: 

In the article the actual questions of allowance of damaged inventories recognition (creation) accounting (allowance method) are considered. On the basis of the carried-out analysis signs of depreciation of material and production stocks are specified. The formalized approach to identification of the depreciated material values, based on use for this purpose of private coefficients of turnover of stocks is offered. The scheme of records on accounts of accounting of operations on formation and reserve use under depreciation of material values is offered.

Keywords: financial statements, allowance, damaged inventories, accrued expenses, impairment loss, reversal of impairment loss

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

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