Accounting analysis and audit

The classification of non-current assets for accounting purposes

Economic Annals-XXI

Economic Annals-ХХI: Volume 138, Issue 1-2(2), Pages: 68-71

Citation information:
Kafka, S. (2014). The classification of non-current assets for accounting purposes. Economic Annals-XXI, 1-2(2), 68-71. https://ea21journal.world/index.php/ea-v138-17/

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Sofia Kafka
PhD (Economics),
Assistant Professor,
Ivano-Frankivsk National Technical University of Oil and Gas
15 Karpatska St., Ivano-Frankivsk, 76019, Ukraine
Kafka@i.ua

The classification of non-current assets for accounting purposes

Abstract. The article presents a critical analysis of the research in accounting of fixed assets; the author identified the key issues on accounting for non-current assets, which were developed by Ukrainian scientists during 1999-2012’s. It is established that the most attention should be paid to the problems of taxation of operations with non-current assets and their classification. In theses the questions of non-current assets classification are of a very narrow branch nature, so its improvement is relevant. The article is aimed at the development of science-based classification of non-current assets for accounting purposes, because their composition is sufficiently diverse. According to the results of the research the non-current asserts classification for accounting purposes has been summarized and developed. The accomplished analysis of existing approaches to the classification of non-current assets gave the opportunity to specify its main types as well as to substantiate the classification signs of non-current assets by the main objects of non-current assets.

Keywords: Non-Current Assets; Accounting; Valuation; Classification of the Non-Current Assets

JEL Classification: К20; L21

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Received 26.11.2013

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