Modern approach to the cost measurement of fixed assets in the accounting system

Abstract

Purpose: the article is devoted to the problems of managing the value of fixed assets in modern conditions when performing operations throughout their entire life cycle, starting from acquisition and ending with disposal, which is impossible without the availability of information about their value. The article discusses the principles of cost measurement as the initial stage of the receipt of fixed assets on the balance sheet, their evaluation during the useful life and decommissioning. Discussion: one of the main tasks of accounting is the choice of the valuation of the newly entering the organization of fixed assets and the application of the modern concept of their cost management. When using the concept of optimal cost management architecture of fixed assets in practice, top management successfully solves the tasks of improving management efficiency both at the level of the organization as a whole and structural divisions. Results: the presented author’s position and modern approaches to the assessment and formation of the cost measurement of the state of an object of fixed assets at all stages of its life cycle will enable economic entities to make effective management decisions and maneuver production resources.