ACCOUNTING REPRODUCTION OF FIXED ASSETS IN THE REALIZATION OF INNOVATIVE MODEL OF DEVELOPMENT: INTERNATIONAL EXPERIENCE AND DOMESTIC PRACTICE
Journal Title: Сталий розвиток економіки - Year 2016, Vol 31, Issue 2
Abstract
Purpose – justification methodological recommendations on improvement of reproduction of fixed assets on innovative principles. Methodology of research. The study used a general scientific and specific knowledge of methods: methods of logical analysis, synthesis, induction and deduction (at clarifying the content reproduction process of fixed assets on the basis of innovation); method of systematic study of business processes (the development of practical recommendations on accounting reproduction of fixed assets); abstract logical method (with a synthesis of theoretical positions, establishing causal relationships and forming conclusions and suggestions). Findings. We consider the current methodology of accounting processes of reproduction of fixed assets in Ukraine and its comparison made with practice, operating in developed countries. Analyzed the supply of domestic scientists on accounting for the creation of a special fund to reserve funds for fixed assets. Substantiated scientific guidance to improve accounting reproduction of fixed assets on innovative principles. Originality is a substantiation of methodical provisions on the need for enterprises to create off-balance sinking fund, special reserve fund and a separate bank account to accumulate funds targeted for reproduction of fixed assets on innovative principles. In addition, the proposed recommendations for building an integrated system of accounting processes of reproduction of fixed assets in the company for the purpose of recording the relationship of financial and investment part of the reproduction of fixed assets. Practical value is that the main provisions of the study in the form of practical recommendations can be used by business entities to improve accounting of fixed assets of the enterprise to implement an innovative model of development.
Authors and Affiliations
Olha Panchenko, Valeriia Lyshchenko
Keywords
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