Problem of concession accounting in coal mining enterprises

Abstract

The paper considers the issue of management of property rights for fixed assets. The importance of the documenting process in accounting is established. The problems of accounting for licenses for the extraction of minerals are identified. Each integrated coal mining association must have a license for mining, register it as an intangible asset and charge the depreciation. The author analyzes the decision-making process on the integrated coal mining association in relation to the transfer of fixed assets from the donor enterprise to the recipient enterprise, and establishes the direct dependence on production information, which affects the number and frequency of the repetition of such an operation. During the fixed assets transfer the integrated coal mining association acts as the only property complex. Nevertheless, every enterprise that transfers or receives the principal means must conclude an agreement where all the legal relations are prescribed, the settlement of fixed assets accounting, their maintenance and depreciation are described, the primary information for each object is determined, it is prohibited to change the method of depreciation. Investigating the issue of fixed assets transfer from one coal mining enterprise to another within the framework of the integrated coal mining association, the new identification of fixed assets during the transfer process is proposed. The proposed new classification of fixed assets during the transfer allows to identify fixed assets, to determine the main directions of their accounting. It is proposed to allocate the following types of fixed assets under the transfer process, namely: balance, transferred, repaid. The distinction among these concepts is given and the deadlines for transferring and changing the status of fixed assets from transterred to balance and repaid are set. The further process of accounting and use of fixed assets at the enterprise depends on the correctness of the documentary registration of the fixed assets receipt.