Historical stages of the appearance and development of value assessment in accounting

Abstract

Purpose: one of the elements of the accounting method is the valuation, which provides, on the basis of a monetary measure, the possibility of a generalized view of the financial position and financial performance of the corporation. The problems of evaluating accounting objects and elements of financial statements are widely discussed in Russia and abroad. For a long time, the method of forming an asset valuation based on the aggregate of actual acquisition costs was recognized by regulatory documents in the field of accounting and was used in the practice of corporations. In a market economy, one of the phenomena of the country's economic life is the inflation factor. Accounting (financial) statements, formed without taking into account this factor, do not provide an adequate reflection of the corporation's activities and the possibility of making sound economic decisions by interested parties. An inflationary economy characterized by a prolonged rise in the average price level and depreciation of the national currency distorts the structure of corporate capital. The article focuses on the study of the main stages of the development of the valuation of accounting objects, the formation of which as a method of accounting, has passed a centuries-old path of formation and development.