THE ESSENCE AND FEATURES OF THE ORGANIZATION OF THE ACCOUNTING OF THE FIXED ASSETS OF THE ENTERPRISE

Abstract

The article considers the essence and classification of non-current assets of an enterprise in the context of their accounting. It is established that non-current assets are the foundation and basis for most types of business. It is proved that the classification of non-current assets is important for understanding their role in the activities of the enterprise and ensuring appropriate accounting and management. The author's definition of the essence of non-current assets is proposed as resources that are used by the enterprise in the long term (more than one year) and provide stable economic benefits. The article proposes a classification of non-current assets, which allows the enterprise to correctly keep records, plan depreciation expenses, assess the financial condition and form development strategies. It is established that the primary accounting of non-current assets is the process of documenting, evaluating and registering assets when they are acquired or created. The article groups the fundamental stages of the sequence of primary accounting of non-current assets. It is proved that the primary accounting of non-current assets is a key element in managing the property of the enterprise, ensuring its effective use and preservation. Non-current assets of a business entity, on the one hand, are property that is separately owned by the enterprise, on the other hand, they are a resource that the enterprise controls and which allows it to receive economic benefits in the future. The most significant part of non-current assets is fixed assets and, we can say that they are what is used to produce a product. The state of non-current assets can be used to judge the property status of the enterprise and its equipment with means of production. Therefore, non-current assets are a key component of the activities of any enterprise, since they provide a material and intangible basis for long-term and stable work, they are strategically important for the enterprise, since they ensure its current activities and development. Their accounting and effective management contribute to the growth of profitability, competitiveness and financial stability of the organization.