ACCOUNTING FOR FIXED ASSETS
Keywords:
fixed assets, accounting, depreciation, revaluation, asset management, financial reporting, IFRS, cost accounting, capital assets, digital accounting systems.Abstract
This article examines the theoretical and practical aspects of accounting for fixed assets in modern enterprises. Fixed assets play a crucial role in the production process, as they form the material and technical basis of business operations. The study analyzes the recognition, measurement, depreciation, revaluation, and disposal of fixed assets in accordance with international accounting standards. Special attention is given to the impact of modern accounting systems and digital technologies on improving the accuracy and efficiency of fixed asset accounting. The article also highlights the importance of proper fixed asset management in ensuring financial stability and increasing the profitability of enterprises.
References
International Accounting Standards Board (IASB). (2023). IAS 16 Property, Plant and Equipment. IFRS Foundation.
International Financial Reporting Standards (IFRS). (2023). Conceptual Framework for Financial Reporting. IFRS Foundation.
Horngren, C. T., Datar, S. M., & Rajan, M. (2015). Cost Accounting: A Managerial Emphasis (15th ed.). Pearson Education.
Hendriksen, E. S., & Van Breda, M. F. (1992). Accounting Theory (5th ed.). Irwin.
Drury, C. (2018). Management and Cost Accounting (10th ed.). Cengage Learning.
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