Scientific Bulletin of the Odessa National Economic University 2021, 9-10, 86-91
Open Access Article
Moskaliuk Hanna
PhD, Associate Professor of the Department of Accounting and Auditing, Odessa National Economic
University, Odessa, E-mail:moskaliukann@gmail.com, ORCID ID: https://orcid.org/0000-0002-9810-0522
Tsukanova Viktoriia
Master's student of the Department of Accounting and Auditing, Odessa National Economic University,
Odessa, E-mail:vika.cukanova33@gmail.com, ORCID ID:
Moskaliuk H., Tsukanova V. (2021) Fixed assets through the prism of accounting for PSBO and IFRS: a comparative analysis. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Osnovni zasoby kriz pryzmu obliku za P(S)BO ta MSFZ: porivnialnyi analiz; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 9-10 (286-287), pp. 86-91.
Purpose. To compare the main differences of reflection in the accounting of fixed assets according to national and international standards and to determine on this basis the directions of further unification. Method. The research was carried out using general scientific methods, namely: generalization, synthesis, induction, deduction and analysis. In addition, specific methods based on accounting principles were used. The information base of the study was legislation and regulations governing national and international accounting of fixed assets, professional periodicals, Internet resources. Results. A comparative analysis of national and international fixed asset accounting standards has shown that they have much in common, but at the same time there are differences. In the context of the transformation of fixed assets accounting to international standards, it is necessary to take into account such differences as the recognition and measurement of fixed assets, classification, depreciation and disposal. Scientific novelty. The peculiarities of accounting according to international and national standards are determined. The author's vision on the procedure for derecognition of the carrying amount of property, plant and equipment has been formed. It is proposed to make additions to national standards, which clearly prescribe the rate of revision of the useful life of fixed assets. Practical importance. Solving these problems will help to adapt the system of national accounting of fixed assets to international standards, which will allow any company to receive clear, understandable and familiar in form information about the financial condition and performance of the institution.
fixed assets; national accounting regulations (standards); international financial reporting standards; accounting, harmonization of accounting.
JEL classification: M410; DOI: 10.32680/2409-9260-2021-9-10-286-287-86-91
UD classification: 657: (006.034: 006.032)