The essence and characteristic of fixed assets

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Content: 5 Сущность и характеристика основных средств.docx 29,15 kB


Table of contents

Introduction 3
1. Essence, plant and equipment 4
2. Classification and basic tasks of accounting of fixed assets 6
Conclusion 12
List of sources used 13

Additional information

The development of market relations is more accustomed to change views on the nature of fixed assets on the statement of account in some areas of financial and economic activities of companies and organizations, such as accounting and tax assets.
In modern conditions of economic development, which are characterized by limited financial resources, a high degree of depreciation of fixed assets, it becomes important rational choice of accounting policies. From the latter will largely depend, in particular, investment activity and renewal of fixed capital.
The relevance of this topic is because the production and business activities of companies is ensured not only through the use of financial, material and human resources, but also at the expense of fixed assets.
The purpose of this paper is to examine the nature of fixed assets, as well as their classification.
This goal necessitates solving a number of problems:
- To explore the essence of fixed assets, as well as the basis for their calculation;
- Classify the fixed assets and give them a description;
- To find out the basic tasks of accounting of fixed assets;
- To consider the recognition of the particular assets of fixed assets;
- To find out the essence of the concepts of "original" and "fair" value.


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