CONCEPT OF ASSESSMENT OF ACCOUNTING OBJECTS AND THE INFORMATION DISPLAY IN ACCOUNTING AND FINANCIAL STATEMENTS
Abstract
Introduction. The article describes the concept of valuation of assets, liabilities and capital, as well as the presentation of the information received in the accounting and financial statements. Methods. Methods of structural and logical analysis, comparison and generalization of requirements of national and international accounting standards and current legislation are used in this article. Results. The economic content of the assessment of objects at the reporting date as an important methodological tool of accounting is in-depth. The principal difference between the fundamental principle of accounting - monetary valuation and evaluation as a procedure performed for the purpose of obtaining the real (fair) value of the property of the enterprise as of the reporting date is set out. The expediency of using historical value in current accounting and fair value is substantiated - when the information about the property of the enterprise in the financial statements is displayed. It has been proved that the assessment as one of the fundamental principles of accounting and assessment as a procedure that is carried out in order to obtain the real (fair) value of the property, liabilities and capital of the enterprise as of the reporting date should be distinguished. The expediency of using historical value in current accounting and fair value has been substantiated - when the information about the property of the enterprise in the financial statements is displayed. The assessment has been designated as the principle of accounting and as a procedure performed to establish the fair (fair) value of the property, liabilities and capital of the enterprise at the reporting date. To do this, the balance sheet proposes to reflect the results of their accounting for historical cost, and in the statement of financial position present information about the financial position, taking into account the fair value of assets, liabilities and equity as of the reporting date. Discussion. The difference between the indicators of these reports is recommended to be presented in the notes, accordingly, it will provide interested parties with reliable information about the financial position and will give reasons to recognize the extent to which the revalued methods of revaluation of assets, liabilities, capital and management effectiveness are used
Keywords
Full Text:
>PDF
References
Palij, V. F. (2007). Teorija buhgalters'kogo ucheta: Sovremennye problemy [The theory of accounting:
contemporary problems]. Moscow: Buhgalterskij uchet. [in Russian].
Guljaev, A. I. (1913). Nachala kommercheskogo schetovodstva. [Beginning of commercial accounting].
Moscow. [in Russian].
Brazilij, N. M. (2013). Kontseptual'ni pidkhody do vartisnoho vymiriuvannia v systemi bukhhalters'koho
obliku. [Conceptual approaches to cost measurement in the accounting system]. Visnyk universytetu bankivs'koi
spravy Natsional'noho banku Ukrainy, [Bulletin of the University of Banking of the National Bank of Ukraine], 3(18),
-238. Retrieved from file:///C:/Users/ADV/Downloads/34745-66603-1-PB.pdf [in Ukrainian].
Hohol', T. A. (2012). Kontseptsiia spravedlyvoi vartosti v bukhhalters'komu obliku : naslidky dlia
pidpryiemstv maloho biznesu. [Concept of Fair Value in Accounting: Implications for Small Businesses].
Bukhhalters'kyj oblik i audit [Accounting and auditing], 6, 32-39. [in Ukrainian].
Zhuravka, F. O., Kravchenko, O. V., & Ovcharova, N. V. (2018). Development of accounting-information
provision of enterprise value-based management. Financial and credit activity: problems of theory and practice, 1(24),
-122. [in English].
Zadorozhnyj, Z. V. (2010). Aktual'ni problemy bukhhalters'koho obliku v Ukraini. [Current problems of
accounting in Ukraine]. Ekonomichnyj analiz [Economic analysis: Compilation of sciences works], 6, 163-169. [in
Ukrainian].
Koriahin, M. V. (2012). Otsiniuvannia vartosti pidpryiemstva v systemi bukhhalters'koho obliku. [Estimation
of the value of the enterprise in the accounting system]. L'viv: Interservis. Retrieved from
http://www.lac.lviv.ua/fileadmin/www.lac.lviv.ua/data/kafedry/Buh_Obliku/Docs/Ocinjuvannja_vartosti_pidprijemstva_v
_sistemi_bukhgalterskogo_obliku.pdf [in Ukrainian].
Krupka, Y. D. (2000). Otsinka osnovnykh zasobiv v bukhhalters'komu obliku. [Estimation of fixed assets in
accounting]. Visnyk Tekhnoloh. un-tu Podillia. Khmel'nyts'kyj [Bulletin of Technological University of Podillya], 2(4),
-167. [in Ukrainian].
Lovins'ka, L. H. (2006). Otsinka v bukhhalters'komu obliku [Assessment in accounting]. Kiiv: KNEU. [in
Ukrainian].
Maliuha, N. M. (1998). Shliakhy udoskonalennia otsinky v bukhhalters'komu obliku: teoriia, praktyka,
perspektyvy. [Ways of improving assessment in accounting: theory, practice, perspectives]. Zhytomyr. [in Ukrainian].
Muravs'kyj, V. V. (2016). Otsinka v komp'iuterno-komunikatsijnij formi obliku [Evaluation in the computercommunication
form of accounting]. Visnyk Ternopil's'koho natsional'noho ekonomichnoho universytetu [Bulletin of
the Ternopil National Economic University], 3, 122-130. Retrieved from ///C:/Users/ADV/Downloads/713-1410-1-
SM.pdf [in Ukrainian].
Mjet'jus, M. R., & Perera, M. H. (1999). Teorija buhgalterskogo ucheta. [Accounting Theory]. Moscow:
Audit : JuNITI. [in Russian].
Sokolov, Y. V. (2005). Osnovnye teorii buhgalters'kogo ucheta. [Basic accounting theories]. Moscow:
Finansy i statistika. [in Russian].
Horngren, C. T., & Foster, D. (2003). Buhgalterskij uchet: upravlencheskij aspekt. [Accounting: a
managerial aspect]. Moscow: Finansy i statistika. [in Russian].
Ischenko, M. I., & Nusinov, V. Y. (2014). Teoretychni osnovy otsinky rezul'tativ diial'nosti pidpryiemstv,
pov'iazanykh zi zminoiu ikh finansovoho stanu. [Theoretical bases of estimation of the results of activity of the
enterprises connected with change of their financial condition.]. Ekonomichnyj visnyk [Economic Herald], 1, 64-72.
Retrieved from http://ev.nmu.org.ua/docs/2014/1/EV20141_064-072.pdf [in Ukrainian].
DOI: https://doi.org/10.35774/ibo2021.01-02.042
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
