FIXED ASSETS OF THE ENTERPRISE: ECONOMIC CONTENT, CLASSIFICATION AND REGULATORY REGULATION

Abstract

The article reveals the essence of fixed assets. The grouping of fixed assets by criteria has been studied. The economic essence of fixed assets is revealed. The classification of fixed assets into material categories is considered: non-residential buildings; residential buildings; buildings; machines and equipment; vehicles designed to move goods and people; production and household inventory; productive, breeding, working cattle; perennial plantings. Classification features of fixed assets, depending on their participation in the economic activity of the enterprise. The process of formation of the active part of fixed assets with the help of working machines and equipment, technical facilities, measuring instruments and devices directly involved in the production process is reflected. The current legislative and legal framework for accounting and the system of taxation of fixed assets has been studied and systematized in order to determine the vectors of its further development and improvement. The analysis is carried out on the basis of such normative - legal acts, such as: Tax Code of Ukraine (TCU), National Accounting Regulations (Standards) (NP (S) BU), International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) . The study was conducted using methods of systematization and generalization. The key problematic aspects of the classification of fixed assets in the context of their place and role in the accounting process of the enterprise within the existing legal field in Ukraine are highlighted.