On the need to maintain capital and improve the assessment of its elements in the balance sheet equation aspect, taking into account the current time factor
Subject The article considers the contradiction between the regulation of the national accounting system and the requirements of IFRS for a modern interpretation of the economic content of balance in the aspect of capital balance sheet equation and the need to reliably generate information on the net assets of the organization. Objectives The article aims to assess the interpretation of the economic content of accounting balance in the aspect of capital balance equation to reveal the market concept of organization's own capital maintenance and identify ways to modify the valuation methods of its financial elements reflecting the current time factor. Methods For the study, I used the scientific methods of knowledge, historical approach, comparative analysis, and the logical method of obtaining knowledge. Results The article justifies the need to maintain the organization's own capital and sets out the conceptual direction for developing a reliable assessment of its financial elements. Conclusions In the context of the transition of national accounting regulations to IFRS, the issue of improvement of the value concept of financial net asset elements the reliability of which directly affects the financial health of the economic entity, becomes of practical and methodological importance.
Keywords: capital equation, fair market and amortized cost
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