Alternative Approaches To Component Accounting of Fixed Assets In The Conditions of Changes

English Abstract:The article critically evaluates changes in the current legislation in terms of rec-ognizing assets as fixed assets on the criterion of their value over UAH 20,000, which provided an opportunity to take into account and assess the advantages and disadvantages of depreciation methods chosen for application, the need to transfer fixed assets non-current tangible assets of the enterprise. The comparison of the recognition of the object of fixed assets according to the requirements of national and international accounting practices, which allowed to prove the need to introduce elements of component accounting. The problems and modern approaches to the accounting of fixed assets according to international accounting standards (IAS) in terms of “component” approach are studied. The advantages and tasks of component accounting of structural components of fixed assets are determined, which will take into account different useful lives (operation), the choice of appropriate methods of depreciation of each part of the fixed asset. The need for accounting for the distribution of the initial value of the fixed asset on the value of individual components in accordance with the need in the case when the supporting documents do not contain information on its individual components and the calculation of the value of components of the object, given their market values and professional judgments accountant and financier. Emphasis is placed on the generalized methodological provisions regarding the accounting of individual components of fixed assets under IAS 16 “Fixed assets”, which provided an opportunity to confirm the feasibility of their introduction into national accounting practice in order to reliably cover and disclose accounting information on the book value of fixed assets in financial statements of enterprises. The necessity and convenience of application of component accounting in the process of capital and current re-pairs in the context of the components of the fixed asset in the general composition are substantiated. It is established that in the case of component accounting, it is important to disclose accounting information about fixed assets in the financial statements as a holistic asset without specifying information about its components