ACCOUNTING OF BASIC MEANS AND EXPENSES OF ENTERPRISES ACCORDING TO INTERNATIONAL AND NATIONAL STANDARDS

Abstract

Abstract. The article is devoted to the general theoretical research of fixed assets and expenses accounting according to international and national standards. The essence and characteristics of accounting of fixed assets and expenses according to international and national standards is revealed. The relationship and differences between national and international standards of fixed assets and expenses is defined. The examples of using of fixed assets and expenses accounting according to international and national standards in the "Nestle" company are presented, their practical value is defined. Logic of rationality of fixed assets and expenses accounting according to international standards is justified as resource economy for enterprise, easy usage and motivation for foreign inves- tors. The development of new technologies and forms of organization of business and the emergence of new factors of production complicates business activity. Ukrainian Accounting standards have been developed tailored to international, that is why Ukrainian Accounting standards on accounting for fixed assets and expenses has a number of common and different points with the International Accounting Standards (IAS), thereby making the process of accounting more complicated. To adapt national accounting system in accordance with international practice, it is needed to make some changes and additions to Ukrainian Accounting standards that will allow overcoming some inconsistencies in accounting for fixed assets and increase the reliability and clarity of accounting information.