Modelling Capital Turnover for Application in Accounting

The article offers a complex mathematical model of an enterprise capital turnover with consideration of the time factor. It conducts analysis of studies and publications of domestic and foreign scientists on this subject. It uses differential dependencies between the studied indicators in the built model. It provides a decision of the differential equation of dependence of the capital on time at different levels of investments into equity. The model takes into consideration a possibility of investing a part of profit into means of production. The article considers fixed assets, number of employees and volume of production of the agrarian sector of Ukrainian economy as an example of effectiveness of the use of capital. It shows that the real growth of production (3% per annum) is explained by restructuring of production connected with reduction of a number of employees. Namely the process of restructuring ensures growth of the volume of production. As regards fixed assets, their contribution is positive but insignificant, which is explained by the absence of systematic depreciation of worn-out and outmoded means of production.