Subject Evolving market relations, the national accounting system reform, IFRS introduction, and the focus of accounting information on meeting the information requirements of users of financial statements created conditions and the need to develop and implement a variety of accounting estimates, which would enable to assess company operations in the past, at present and in the future. Furthermore, it is important to study changes in accounting estimates with time. Objectives The paper aims to specify the types of accounting estimates that are used in modern accounting practice and for financial statements generation purposes. Methods The methodology rests on the Edwards–Bell and Ya.V. Sokolov–V.Ya. Sokolov time matrices. The study employs the following scientific methods: comparison, analogy, synergistic principle of cognition, the logic, historical and systems analysis. Results We performed the comparative analysis of time matrices of estimates developed by American and Russian scientists. The findings show that the basic difference is in using different object of estimation. This leads to different interpretation of certain types of estimates and their application rules. The analysis and comparison of the characteristics enabled to specify the scope of certain types of estimates in IFRS. Conclusions and Relevance The mixed estimate concept, which is applied in accounting, is a consequence of the influence of time on the accounting estimates.
Keywords: fixed assets, estimate, fair value
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