Selecting items and accounting for depreciation fixed assets

Selezneva, I.P.; Shlyapnikova, E. A.; Dzhikiya, Konstantin Akakievich

doi:10.33920/sel-11-2105-01

Buhuchet v Sel'skom Hozjajstve (Accounting in Agriculture)

2021

DOI: 10.33920/sel-11-2105-01

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Selecting items and accounting for depreciation fixed assets

I.P. Selezneva

E. A. Shlyapnikova

Konstantin Akakievich Dzhikiya

Abstract: The article discusses the features of the selection of elements, accrual and accounting of depreciation in accordance with the norms of FSB 6/2020 “Fixed Assets”, approved by the order of the Ministry of Finance of the Russian Federation of 17.09.2020 No. 204n, mandatory for use starting from the accounting statements for 2022. The features of the application of depreciation methods in accordance with the new rules are considered.

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Cited by 17 publications

References 2 publications

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Assessing the state and need for standardization of accounting for biological assets and results of their biotransformation

ALBOROV,

KOZMENKOVA,

ALBOROV

et al. 2024

EATP

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Subject. The article addresses the need to standardize the requirements (rules) of organization and accounting for biological assets and harvested (derived) agricultural products. Objectives. We focus on developing a draft standard for accounting for biological assets and agricultural products, exploring the regulations and specifics of the practice of valuation, accounting for biological assets and agricultural products, underpinning the sections and provisions of draft standard "Biological Assets and Agricultural Products". Methods. The study employs general scientific and special methods, like analysis, synthesis, modeling, abstraction, systematization, and generalization of obtained outcomes. Results. Based on the results of the study, we developed a draft standard "Biological Assets and Agricultural Products". The findings can be applied by the regulator in the field of accounting, as well as by economic entities for proper organization of accounting for biological assets and agricultural products at fair value. Conclusions. To ensure the reliability of accounting data and accounting (financial) statements, the proposed draft standard "Biological Assets and Agricultural Products" should be critically reviewed, comments and recommendations should be made to improve the draft standard for its further promotion.

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Assessing the state and need for standardization of accounting for biological assets and results of their biotransformation

ALBOROV,

KOZMENKOVA,

ALBOROV

et al. 2024

EATP

View full text Add to dashboard Cite

show abstract

Accounting for the formation of a fixed-asset depreciation fund and its transformation into reproducible capital

ALBOROV,

KOZMENKOVA,

MOSUNOVA

2023

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Subject. This article considers the depreciation of fixed assets not only as the distribution and write-off of their cost, but also as the accumulation of funds by systematically including in the cost of production (work performed, services rendered) the amounts of depreciation deductions for these fixed assets. Objectives. The article aims to develop a methodology for accounting for the creation and use of a depreciation fund as a source of financing for the acquisition (creation) of fixed assets and other non-current assets. Methods. For the study, we used analysis and synthesis, modeling, systematization, and generalization. Results. The article covers the organizational and methodological aspects of accounting for the creation and use of the depreciation fund, as well as reproducible capital, which are the source of acquisition (creation) of fixed assets. The article presents the author-developed methodology for accounting for the reflection of transactions on recommended new accounts when creating and using a sinking fund, as well as reproducible capital. Conclusions and Relevance. The conducted theoretical and applied research, revealing modern problems of accounting for depreciation of the cost of fixed assets, reveals the need to make changes in accounting for the write-off of depreciation of fixed assets and the introduction of a methodology for the creation and use of a depreciation fund and reproducible capital as sources for the formation of fixed assets and other non-current assets in commercial organizations. The results of the study can be applied in the theory and practice of financial accounting and reporting.

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Particularities of documenting the accounting events on intangible-asset acquisition, revaluation and write-off

Ostaev

Klychova

Shlyapnikova

et al. 2023

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Subject. This article deals with the issues of documenting the business operation items related to the recognition, revaluation and write-down of intangible assets. Objectives. The article aims to investigate and systematize the provisions that reveal the features of documenting transactions for the acquisition, creation, revaluation and write-down of intangible assets, as well as reveal the content and composition of the details of primary documents on the revaluation of intangible assets. Methods. For the study, we used the information retrieval, consolidation, and event modeling techniques. Results. The article proposes an author-developed primary document form for practical application, which records the results of the revaluation of intangible assets. The information contained in this document may serve as the basis for regulating the valuation of intangible assets by reflecting transactions for their revaluation and (or) write-down on accounts in accordance with the rules established by accounting standards. The versatility of the proposed document form makes it possible to use it in relation to the primary accounting of the results of the revaluation of fixed assets and other non-current assets. Conclusions. The quality of decisions made in the management system of the organization depends both on the professionalism of the managers and on the discipline of the performers who form the information base for decision-making and the subsequent reflection of the results of the accounting events in the reporting. Structuring the composition of the elements and their content contribute to improving the quality of not primary documents only, but also the entire system of accounting and analytical support for management and reducing the threat to economic security when performing transactions with intangible assets.

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Selecting items and accounting for depreciation fixed assets

Cited by 17 publications

References 2 publications

Assessing the state and need for standardization of accounting for biological assets and results of their biotransformation

Assessing the state and need for standardization of accounting for biological assets and results of their biotransformation

Accounting for the formation of a fixed-asset depreciation fund and its transformation into reproducible capital

Particularities of documenting the accounting events on intangible-asset acquisition, revaluation and write-off

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