IMPACT ON ACCOUNTING INDICATORS OF CHANGES IN THE VALUATION OF NON-CURRENT ASSETS

Abstract

In connection with the adoption of the new accounting standards FSBU 6/2020 “Fixed Assets” and FSBU 26/2020 “Capital Investments”, new valuation categories appeared in accounting - the liquidation value of the asset and the liquidation obligation upon disposal of the asset. The application of new valuations requires close attention, as some accounting indicators depend on their magnitude, which affects the assessment of the property position of the organization and the subsequent analysis of the financial condition. When assessing the liquidation value and liquidation liability, not only the coordinated work of the accounting service and other divisions of the enterprise is required, but also the expression of the professional judgment of the accountant is necessary. If the asset valuation categories are correctly applied, they are reflected in the value balance sheet, which is more real, useful to the reporting user and potential investor. The article describes the procedure for changing the main reporting indicators under the influence of the change in the valuation of non-current assets, such as: fixed assets in the balance sheet, financial result, amount of accrued depreciation. This article will be useful to both students in performing research work and teachers in preparing for lectures, since current material on changes in the legislation of the Russian Federation is used.