ISSN 2413-2322 (Online)

ISSN 2221-1055 (Print)

UDS: 657.2:330.322 DOI:
Фінансові відносини та бухгалтерський облік

Improvement of approaches to recognition and accounting of capital investments / Serhieieva N.V. // Ekonomika APK. - 2020. - № 1 - P. 65

The purpose of the article is to clarify the procedure for valuation and accounting of capital investments, taking into account industry specificities. Research methods. Methods of analysis and synthesis were used in the development of criteria for attributing costs to capital or period costs. The abstract and logical method was used to summarize and form conclusions. Research results. The analysis of normative legal acts for the presence of criteria of boundaries between period costs and capital expenditures was made. General criteria for recognizing an asset in the financial statements were determined. Based on international standards and research, criteria for distinguishing between period costs and capital investment were clarified. Approaches to reflecting capital expenditures in accounts were generalised. Elements of scientific novelty. Conditions for identifying capital investments as an asset were improved by distinguishing the following: extension of an asset's life; changing or updating the main parts; significant improvement of technical and economic characteristics of an object; increasing carrying amount of an object by more than 50%. Practical significance. The existing confusion in determining the nature of capital investments makes it impossible to establish clear criteria for their recognition. Having analysed the peculiarities of the objects of capital investments, the general conditions for identification of capital investments were determined, and their clarifications were made. Setting clear criteria will allow you to accurately reflect asset's carrying amount in accounts, without underestimating it, which is important when attracting potential investors. Tabl.: 2. Figs.: 1. Refs.: 21.
Key words: capital investments; assets; identification; initial cost; valuation; criteria


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